With reference to the news item appearing in a leading financial duly titled "Financial Tech gains on bonus issue talk", Financial Technologies India Ltd has clarified that:
1. The Company does not entertain any Press remarks unless the Company has submitted prior intimation to the Stock Exchanges about its Board meeting and the outcome of the same thereof.
2. The Company has always observed and will continue to observe in every respect good Corporate Governance and various Clauses of the Listing Agreement with the Stock Exchanges.
3. The Company deny any such press reports published by the free lance writers.