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Board of Gokak Textiles resolves to change next financial year

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Capital Market
Last Updated : Aug 18 2014 | 6:30 PM IST

At meeting held on 13 August 2014

Gokak Textiles announced that the Board of Directors of the Company at its meeting held on 13 August 2014, have resolved to change the next financial year covering a period of 6 months from 01 October 2014 to 31 March 2015 to align the financial year, as per the provisions of Section 2(41) of the Companies Act, 2013 to be ended on the 31 March, every year. As is known, the current financial year of the Company is from 01 October 2013 to 30 September 2014.

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First Published: Aug 18 2014 | 12:32 PM IST

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