SecureKloud Technologies Limited announced pursuant to the directions set out in the Final Order of SEBI dated December 16, 2022, an appeal was preferred by Mr. Suresh Venkatachari challenging and praying for interim reliefs. The appeal was heard before the Hon'ble Securities Appellate Tribunal on January 19, 2023 and no interim reliefs as prayed were granted. Mr. Suresh is exploring possible legal remedies.

Consequently, Mr. Suresh Venkatachari ceases to be the Chief Executive Officer (Key Managerial Personnel) of the company with effect from January 19, 2023. The Board of Directors in its meeting held on January 20, 2023, resolved to redesignate Mr. Suresh Venkatachari as the President. He shall report to the Chief Executive Officer of the Company and will not involve himself in any policy decision making.