ZENITHINFO

: Members of the Exchange are hereby informed that trading in the equity shares of Zenith Infotech Limited will be suspended w.e.f. November 21, 2014 (i.e. closing hours of trading on November 20, 2014) pursuant to order dated 13/12/2013 passed by the Hon ble High Court, Bombay, in Company Petition No.28 of 2012, the Official Liquidator attached to the said Court has been appointed as the Liquidator of M/s Zenith Infotech Limited (In Liqn.) with usual powers under the Companies Act, 1956.

News Verification : The media had reports that Zenith Infotech Limited has defaulted on its FCCB payments. The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the company. Zenith Infotech Limited has vide its letter inter-alia stated,"The company has defaulted on its US$ 33 mn FCCB which was due on 21st September 2011 and the company was and in negotiations with the bondholders to extend the time for repayment. We have received monies due from Zeni