Lower Circuit Penny IT Stock: Company Forms AI Healthcare SaaS Subsidiary QuantumNexis and Approves Overseas Subsidiaries in Canada, UAE, APAC
The stock is up by 50 per cent from its 52-week low of Rs 16.37 per share.
SecureKloud Technologies Ltd. announced that its Board of Directors met on Monday, May 26, 2025, and acknowledged that M/s. Healthcare Triangle Inc. (HCTI) has become a direct subsidiary of the company due to Mr. Suresh Venkatachari's super-voting rights. Following this, HCTI incorporated a new wholly-owned subsidiary, QuantumNexis Inc., a Delaware Corporation. This new entity, strategically designed to accelerate and lead in AI-powered Healthcare SaaS, will function as a step-down subsidiary of SecureKloud Technologies Limited. The Board also approved HCTI's plans to incorporate overseas subsidiary companies in Canada, the UAE, and the APAC regions.
QuantumNexis Inc. has an Authorised Capital of USD 90,000,000 (Ninety million USD), comprising USD 10,000,000 (Ten million USD) in common shares and USD 80,000,000 (Eighty million USD) in preferred shares. Its Paid-up Capital is USD 1,000 (one thousand USD), and it currently has no turnover, as it is yet to commence business operations. As a step-down subsidiary, QuantumNexis Inc. is considered a related party of SecureKloud Technologies, though the Promoter/Promoter group has no further interest in the transaction beyond the existing control. The acquisition of 100% of QuantumNexis Inc. by HCTI is at face value for the initial share capital contribution, and no governmental or regulatory approvals were required. The new entity operates within the Information Technology industry, with its primary objective being to spearhead advancements in AI-powered Healthcare SaaS.
DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.
SecureKloud Technologies Ltd, founded in 1985, delivers enterprise cloud transformation services. They provide digital transformation solutions including managed services, cloud enablement, cybersecurity, and AI-powered data analytics, serving Health Systems, Life Science Companies, and Enterprises. Key platforms include CloudEdge (managed cloud foundation), DataEdge (AI engineering), Neutral Zone (data collaboration), and Blockedge (blockchain management).
The company has a market cap of Rs 83 crore and debtor days have improved from 50.8 to 35.2 days. On Tuesday, shares of SecureKloud Technologies Ltd hit a 2 per cent lower circuit to Rs 24.50 per share from its previous closing of Rs 25 per share. The stock is up by 50 per cent from its 52-week low of Rs 16.37 per share.
Disclaimer: The article is for informational purposes only and not investment advice.