Prabhat Technologies (India) Ltd has announced that 3,500 Equity shares of the Company held by one of our promoters i.e. Mr. Vishwamani M.Tiwari were inadvertently sold on January 13, 2020 by Master Capital Services Limited, a SEBI registered Broker. We have raised our objections and the Broker has said that he shall rectify the error by January 27, 2020. Further, the said Broker has transferred 1,12,430 Equity shares to collateral without an intimation to the Promoter and we have raised the objection regarding this too (This is based on the Statement of transaction as provided by Master Capital Services Limited). The Broker has assured us that this shall also be rectified at the earliest.
The Company is fully conscious and aware of its obligations towards the investors and shareholders and is in compliance with the Rules and Regulations governing the listing of its securities and to the prevention of Insider trading.