Confusion prevailed at Vani Mahal where the annual general meeting of Financial Technologies was held on Wednesday. An agitated group of investors wearing black badges and holding placards stayed put at the entrance, seeking to meet the CMD.

Anticipating trouble, police and private security guards were deployed at the venue. Many proxy-holders were not allowed to attend the meeting on the ground that their proxies weren’t registered in time. Though they remained largely peaceful, some vented their anger by picking intermittent arguments with company officials. Some shareholders complained that they did not receive the annual reports with attendance slips. Many shareholders were worried over the `notional loss’ in share prices, as they had bought FTL scrip when the shares were quoting at Rs.1,000 and above. The shares were now trading at around Rs.150. The media, too, was denied entry into the venue. Following heated arguments with the security personnel, company officials informed the media that the CMD would indeed interact with presspersons. Once the annual general meeting was over, presspersons were ushered in for an interaction with the CMD. Since the protesting investors of NSEL joined in tow with journalists, the CMD said he would meet them first before interacting with the media.