Date: August 14, 2026
Board Meeting Outcomes
- The Board of Directors approved a change in the financial year of the Company to facilitate consolidation of accounts with its foreign subsidiaries.
- The proposed change is subject to approval of relevant statutory authorities.
- The Company will make necessary applications to statutory authorities for changing its financial year to commence on January 1 and end on December 31 of the same calendar year.
Effective Date and Transition Period
- Upon receipt of all necessary approvals, the financial year commencing on April 1, 2026 will end on December 31, 2026 instead of March 31, 2027.
- This transitional financial year will comprise a period of 9 (nine) months.
- Subsequently, each financial year of the Company shall commence on January 1 and end on December 31 of the same calendar year.