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| Exchange Disseminated Time 01/10/2015 18:18:47 | The Exchange had sought clarification from Financial Technologies (India) Ltd with respect to news article appearing in Mint on October 1, 2015 titled "FTIL barred from issuing dividend"
Financial Technologies (India) Ltd replied stating "We wish to inform as under:
The Hon'ble Bombay High Court's Order dated September 30, 2015, inter-alia states that "FTIL shall not distribute any dividend amongst its shareholders and shall also not deposit any amount in compliance with Section 123 sub-clause (iv) of the Companies Act, 1956."
The next date of hearing in the abovesaid matter is scheduled on October 05, 2015. We will keep you inform further developments in the aforesaid matter." |
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