HELIOS & MATHESON INFORMATION TECHNOLOGY LTD. - Filing an application before Company Law Board, Chennai seeking extension of time for repayment of public deposits

Helios and Matheson Information Technology Ltd has informed BSE that the Company has filed an application before the Hon'ble Company Law Board, Chennai, as provided in section 74 (2) of the Companies Act 2013, seeking extension of time upto 12 months for all deposits that fell due for repayment after March 31, 2014. Necessary public notice has been published in newspapers and also an intimation sent to all the depositors in this regard.<BR><BR>The Company has already taken steps on a war footing for raising funds to meet its commitment well before the time sought for before the Hon'ble Company Law Board.