Helios and Matheson Information Technology Ltd has sought extension of time of up to one year for repayment of all deposits that fell due for repayment after March 31, 2014.
The company says that it had initiated steps "on war footing" to raise funds to meet its commitment ahead of the time it had sought.
In a communication to the stock exchanges, the company said that it had filed an application before the Company Law Board (CLB), Chennai, seeking extension of time up to 12 months for (repayment of) all deposits that fell due for repayment after March 31, 2014. The company said apart from publishing notices in the newspapers it had also sent intimations to all the depositors in this respect.
HMITL said that it was also taking steps "on a war footing" to raise funds to meet its commitment ahead of the time it had sought from the CLB.
Shares of HMITL were up by ₹2.20 or 5.49 per cent at ₹42.25 on the BSE. In the quarter ending Dec 2014, the company posted revenue of ₹161.22 crore and net profit of ₹7.22 crore. The EPS was ₹2.73.