Board of Mahindra CIE Automotive approves change in financial year

At meeting held on 21 October 2015

Mahindra CIE Automotive announced that the Hon'ble Company Law Board, New Delhi Bench, vide its order dated October 15, 2015, allowed the Petition filed by the Company, pursuant to Section 2(41) of the Companies Act, 2013, for change in the Financial Year of the Company from 01st April to 31st March (Both days inclusive) to 1st January to 31st December (Both days inclusive) every year.

The Board of Directors at its meeting held on 21 October 2015 took on record the said order and confirmed the change in financial year of the Company.

Pursuant to above, the current Financial Year of the Company shall close on 31 December 2015 covering a period of nine (9) months commencing from 01 April 2015.

All the subsequent financial years of the Company shall cover a period of twelve (12) months commencing from 1st January and closing on 31st December of every year (Both days inclusive).

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