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| Exchange Disseminated Time 26/10/2015 15:42:12 | The Exchange has sought further update with respect to Hon'ble Court matter to be held on October 16, 2015 from Financial Technologies (India) Ltd with respect to news article appearing in Mint on October 01, 2015 titled "FTIL barred from issuing dividend".
Financial Technologies (India) Ltd replied stating "Please note that the Hon'ble Bombay High Court's Order dated September 30, 2015, which 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", continues and the next date of hearing in the said matter is yet to be listed." |
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