Zenith Infotech

Zenith Infotech consolidated Dec '13 sales at Rs 40.94 crore

Zenith Infotech has reported a consolidated sales turnover of Rs 40.94 crore and a net loss of Rs 24.10 crore for the quarter ended Dec '13

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SAT sets aside Sebi order against Zenith Infotech promoters

Securities Appellate Tribunal set aside an order by the Securities and Exchange Board of India (Sebi) against Zenith Infotech's promoters in asset stripping case. IT said that the regulator's direction were not sustainable in the eyes of the law.

Zenith Infotech consolidated Jun '13 sales at Rs 37.65 crore

Zenith Infotech has reported a consolidated sales turnover of Rs 37.65 crore and a net loss of Rs 21.60 crore for the quarter ended Jun '13

Zenith Infotech consolidated Mar '13 sales at Rs 35.95 crore

Zenith Infotech has reported a consolidated sales turnover of Rs 35.95 crore and a net loss of Rs 43.39 crore for the quarter ended Mar '13

SAT admits Zenith's appeal filed vs SEBI order

After a default on FCCB dues, and a consequent Sebi order that termed the company's action as fraudulent, Zenith Infotech moved the Securities Appellate Tribunal and has secured a partial stay on the order.

SEBI v/s Zenith Infotech

Last month SEBI barred the promoters of Zenith Infotech from accessing the capital markets on grounds of fraud, misleading and inadequate disclosures and violation of corporate governance principles.

SEBI bars Zenith Info founders from share mkt, stock tanks

Zenith Infotech fell 9 percent intraday to touch a new 52-week low of Rs 15 on Tuesday after the market regulator SEBI has barred six promoters and entities from securities market with immediate effect for alleged violation SEBI regulations.

Sebi bars Zenith promoters for stripping firm's assets

Sebi today barred six promoters of Zenith Infotech from the securities market, after charging them of stripping company assets for personal gains.

Zenith Infotech consolidated Dec '12 sales at Rs 37.43 crore

Zenith Infotech has reported a consolidated sales turnover of Rs 37.43 crore and a net loss of Rs 26.84 crore for the quarter ended Dec '12

Vendor sues Zenith, CEO in US

A vendor of Zenith Infotech has sued the company and it‘s CEO Akash Saraf in a California court. The vendor is seeking 7.5% of the sale proceeds in the remote monitoring and management division. CNBC-TV18's Ashmit Kumar reports.

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Zenith Infotech Mar '12 sales at Rs 24.32 crore

Zenith Infotech has reported a sales turnover of Rs 24.32 crore and a net loss of Rs 13.79 crore for the quarter ended Mar '12

Zenith Infotech sued by bondholders over defaults

Zenith Infotech bondholders have sued the IT services provider over defaults of foreign currency convertible bonds (FCCBs) -- one for USD 33 million which was due on September 21, 2011, and a second tranche of USD 50 million, which was due for repayment or conversion in August 2012.

Zenith Infotech defaults on $33m FCCB payment: Sources

Yet another case of an Indian firm defaulting on the FCCB payments. Zenith Infotech, which recently got a private equity investor in its spun off division, has defaulted on their USD 33mn FCCB payments, reports CNBC-TV18's Archana Shukla quoting sources.

Zenith Infotech defaults on $33mn FCCB payment; stock slips

Zenith Infotech has defaulted on USD 33 million FCCB payments. The FCCB holders were payable on September 21, reports CNBC-TV18, quoting sources. It touched a 52-week low of Rs 93.20. At 10:41 hrs the share was quoting at Rs 93.20, down Rs 10.35, or 10%.