The Hindu Business Line : Indoco changes financial year end

Indoco Remedies Ltd has changed its year ending to March from this fiscal. The company’s board of directors has decided to change its financial year ending from June to March with immediate effect, a note from the company said. As a result, its FY 07-08 will reflect the performance of a nine-month period ended March 31, 2008, the company added. According to Mr Suresh G. Kare, Indoco’s Chairman and Managing Director, the change will align the company’s fin ancial year with that commonly followed in the industry. —

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