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63 Moons Technologies Ltd.

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

Clarifies on News item

July 22, 2014, 2:44 pm | Source: BSE

With reference to the news item appearing in a leading financial daily titled FTIL Looks to Exit Indian Energy Exchange, Financial Technologies (India) Ltd has Clarified to BSE as under:

As communicated to you earlier, that without prejudice to the legal rights and remedies, FTIL would like to exit from exchanges businesses. Accordingly, the process of divestment in exchanges is been evaluated considering all options including through IPO. With regards to your observation on the price of Companyís scrip increase by 7% on July 22, 2014, we refrain to comment on the same.

Now with respect to seeking clarification, we would like to clarify as under:

As a policy of the Company, we do not wish to comment on any speculative news reporting.

As a respectable corporate, any such definitive decision as required under Clause 36 of the Listing Agreement will be first intimated to the Exchanges as we have adhered in the past.

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 Clause 36 of the Listing Agreement, will be first notified to the Stock Exchanges to comply with the Listing Agreement.