Financial Technologies (India) reply to clarification sought by the exchange

18 Jun 2015

The Exchange had sought clarification from Financial Technologies (India) with respect to news article appearing in Business Line on June 17, 2015 titled ‘MCX-SX CCL transfers FTIL, MCX holding to escrow account. Financial Technologies (India) replied stating that as per the information made available to them, they wish to inform that MCX-SX CCL has passed an enabling resolution amending its articles of association in an Extra-ordinary General Meeting which purports to empower it to transfer shareholding to an escrow account. They wish to clarify that the meeting was convened without the consent of the Company and the resolutions were passed without any participation of the Company. Consequently they are not aware of the steps taken by MCX-SX CCL in furtherance of the amendments since no communication has been received from MCX-SX CCL.

The above information is a part of company’s filings submitted to BSE.

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