Board of Alka India does not change financial year

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Capital Market
Last Updated : Jul 06 2015 | 3:01 PM IST

At meeting held on 06 July 2015

Alka India announced that the Board of Directors of the Company at its meeting held on 11 May 2015 had decided to change the financial year of the Company to comply with the provisions of Companies Act, 2013 to have a uniform financial year ended on March. So the Board has changed the financial year from 01 October 2014 to 31 March 2015 and informed the same to the Stock Exchange.

Further the Company has now informed that the Board of Directors in its Board Meeting held on 06 July 2015 has decided to change and ratify the decision taken on 11 May 2015 and decided not to change the financial year of the Company as it may difficult for auditing purpose. Accordingly Board decided to keep financial year as on September year ended only i.e. from 01 October 2014 to 30 September 2015 instead of October 2014 to March 2015.

The Board has also decided that in the next year the Company will comply with the provision of Companies Act, 2013 and it will change the financial year of the Company as per the provisions of the Act.

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First Published: Jul 06 2015 | 1:43 PM IST

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