Financial Technologies (India) today said market regulator Sebi's order against one Jignesh Shah has nothing do with the company and its Chairman.
"Jignesh Shah referred to in one order passed by Sebi on May 17 is not the Chairman and promoter of Financial Technologies (India) Ltd," the company said in a regulatory filing to the Bombay Stock Exchange.
Financial Technology is the parent company of the country's leading commodity bourse MCX.
"Jignesh Shah, Chairman and Promoter of Financial Technologies (India) Ltd, has nothing to do with the said order and the investigations mentioned there in," it added.
Yesterday, market watchdog Sebi had imposed a Rs 2.5 lakh fine on one Jignesh Shah for manipulating in share trading in the script of basmati rice exporter KRBL Ltd.
The company also said that it is taking the issue with the authorities concerned.
Shares of Financial Technologies (India) were trading at Rs 1,401 on BSE in morning trade, up 0.29 per cent from the previous close.
