Heidelberg Cement to extend financial year by three months

Heidelberg Cement India has informed the exchanges that its board of directors on Wednesday resolved to extend the financial year of the company by three months up to March 31, 2015. The move will help the company comply with the Companies Act, which says that the financial year of a company should end on March 31, every year. The stock on Wednesday closed at ₹92.15, up 1.88 per cent over the previous day’s close on the NSE.