SECUREKLOUD TECHNOLOGIES LIMITEDSECURKLOUDNSE
Memorandum of Understanding
As filed · SECUREKLOUD TECHNOLOGIES LIMITED has informed the Exchange about Memorandum of Understanding/Agreements
BusinessWatchMinormateriality 59 out of 100
What happened
FactSecurKLOUD has entered into a joint venture agreement with Mr. R S Ramani, a promoter and lender, to revise the payment schedule. Mr. Ramani holds 465,000 shares in the company and the agreement includes special rights such as the right to appoint directors and restrict changes in capital structure. The transaction is classified as a related party transaction and is conducted on an arm's length basis.
Why it matters
CapitSignal interpretationA joint venture commits capital and management time to an asset the company only part-owns.
Watch next
Fact- Capital commitment and ownership split
- Whether it is consolidated or equity-accounted
Evidence
How CapitSignal classified this
- Reasoning:
- JOINT_VENTURE base 54; +5 quantified amount; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%