FINANCIAL TECHNOLOGIES (INDIA) LTD. - Clarifies on News item
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| 21 Nov 2014 | |
| The Exchange has sought clarification from the company with respect to the news media report appearing on CNBC TV 18 on November 17, 2014 titled " Fin Tech "unfit" to run Exchanges - Bombay HC upholds FMC order"<br/> <br/>The Company has replied stating "As reported in the media 'High Court refuses to stay FMC order on FTIL' and as stated in the said media report 'the Hon'ble Bombay High Court refused to grant any relief but gave liberty to the Company to file special leave petition before the Supreme Court'. Accordingly, the Company is taking appropriate steps in the matter in consultation with legal Counsel of the Company.<br/><br/>The matter was reported to the Stock Exchanges in December 2013, vide our letter dated December 19, 2013, since then the matter is on-going.<br/><br/>As a respectable corporate, any definitive decision or announcement as required under Clause 36 of the Listing Agreement will be first intimated to the Exchanges, as we have adhered in the past.<br/><br/>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." | |
| View all announcements for FINANCIAL TECHNOLOGIES (INDIA) LTD. | Source: BSE India |
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