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63 Moons Technologies Ltd.

BSE: 526881 Sector: IT
NSE: 63MOONS ISIN Code: INE111B01023
BSE 00:00 | 24 Apr 2020 63 Moons Technologies Ltd
NSE 05:30 | 01 Jan 1970 63 Moons Technologies Ltd

Clarification from Financial Technologies (India) Ltd

June 11, 2014, 5:59 pm | Source: BSE

The Exchange had sought clarification from Financial Technologies (India) Ltd with respect to the news article in the Financial daily dated June 11, 2014 stating that FTIL Drags FMC to Court over Amended Shareholding Norms.

Financial Technologies (India) Ltd has replied as under:

We would like to inform you that the Company had intimated to the Stock Exchanges about the Order passed by FMC on December 19, 2013, subsequent to which on May 06, 2014, FMC has issued revised norms, to that effect the Company has filed Writ Petition inter-alia challenging the extinguishment of voting rights, transfer of shares held by FTIL to Escrow Account and MCX right of selling shares held by FTIL. Hence according to the Company, it does not fall into Clause 36 of the Listing Agreement.

As a responsible corporate and as a matter of good corporate governance practice, any price sensitive information pertaining to operations or performance of the Company, or such other information as required under the Listing Agreement, will be first notified to the stock exchanges to comply with the Listing Agreement.