Videocon Industries Ltd Announces Extension of Financial Year

Videocon Industries Ltd announced that in line with the provisions of the Companies Bill, 2012 passed by Lok Sabha on December 18, 2012, the Audit Committee of the Board has recommended extension of the current accounting year upto March 31, 2013. Accordingly, the Board of Directors of the Company have accorded their approval to extend the current accounting year by a period of Three months so as to align the financial year of the Company in terms of the Companies Bill, 2012. As such, the Current Accounting Year shall be a period of 15 months beginning from January 01, 2012 and ending on March 31, 2013. The subsequent accounting years, as such, shall begin on 1st April and shall end on the following 31st March every year.