Company: HCTI
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026218
Chunk: 554

Company: Healthcare Triangle, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 3
Chunk 554
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 financial officer and principal accounting officer or controller, or persons performing similar functions. The Code is applicable
to all of our directors, officers and employees and is available on our corporate website, www.applieduvinc.com. We intend to disclose
any amendments to our code of business conduct and ethics, or waivers of its requirements, on our website or in filings under the Exchange
Act to the extent required by applicable rules and exchange requirements.

Family Relationships

There are no family relationships among the officers
and directors, nor are there any arrangements or understanding between any of the Directors or Officers of our Company or any other person
pursuant to which any Officer or Director was or is to be selected as an officer or director.

Delinquent Section 16(a) Reports

Section 16(a) of the Securities Exchange Act of
1934, as amended, requires our directors, executive officers and persons who own more than 10% of our outstanding shares of common stock
(“Ten Percent Holders”) to file with the SEC reports of their share ownership and changes in their share ownership of our
common stock. Directors, executive officers and Ten Percent Holders are also required to furnish us with copies of all ownership reports
they file with the SEC. To our knowledge, none of our directors, executive officers and Ten Percent Holders failed to comply with any
Section 16(a) filing requirements during fiscal 2024.

51

Item 11. Executive Compensation

Summary Compensation Table

The following summary compensation table provides
information regarding the compensation paid during our fiscal years ended December 31, 2024, and

2023 to our Chief Financial Officer, Head of Strategic
Partnership and our Head of M&A. We refer to these individuals as our “named executive officers.”:

    Option  

    Name and Principal Position 
    Year  
      (Salary $)  
    (Bonus $)  
    Awards($)  
    Total ($) 
  
    Thyagarajan Ramachandran 
     2024  
     277,600  
     -  
     -  
     277,600 
  
    Chief Financial Officer 
     2023  
     217,500  
     50,000  
     27,803  
     295,303 
  
    Shibu Kizhakevilayil 
     2024  
     157,884  
     -