Majesco Limited - looking Forward


(Parag) #106

Majesco has already take enough provision for this. They have taken away all customer receivables and have delivered version of the software to meet customer demands.

They are hoping that the new version will fulfill the performance requirement of the client. If the client is satisfied, then there won’t be any further proceeding (hopefully). In addition, they have insurance in place for this lawsuit (not sure how much it cover).

Dis- Invested, so view could be biased.


(Divyanshu Taneja) #107

Sir could you please share the link of same news
Thanks @niravacharya and @paragbharambe


(Sanjay Prajapat) #108

The same was clarified by the management in the recent concall. The claim, as they mentioned, was “adequately” covered.


(Divyanshu Taneja) #109

(Divyanshu Taneja) #110

(Divyanshu Taneja) #112

http://equitybulls.com/admin/news2006/news_det.asp?id=231421