Legal recourse taken against Promoter of 8K Miles Software

8K Miles Software Services Limited has been informed that 25, 70,000 equity shares ( 8.42 % of total equity holdings) held by Mr. Suresh Venkatachari, Promoter of M/s 8K Miles Software Services Limited, have wrongfully and illegally transferred through Off Market transactions on various dates to various parties without his consent.

The Company has been informed that he has taken legal action and has also filed a police complaint on September 17, 2018 against Quantum Global Securities Ltd., and Kumar Share Brokers Ltd. and others for fraudulent and unlawful transactions by wrongfully and illegally transferring his shares of the Company.

The company shall keep all its stakeholders and regulators informed on any fresh developments in this regard.

Source: Equitybulls.com

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