Metal Coatings India Ltd has informed BSE that :

A casual vacancy has been caused in the office of Auditors on account of disqualification of M/s Anil Khandelwal & Associates, Chartered Accountants, in terms of Section 226 (5) read with Section 226 (3) (e) of the Companies Act.

The disqualification had arisen when it was observed that one of the shareholders of the company is also a partner in the audit firm M/s Anil khandelwal & Associates, Chartered Accountants.

The Board of Directors in its meeting on June 03, 2011 decided to hold an Extraordinary General Meeting of
shareholders on June 30, 2011 to appoint another auditor to fill the casual vacancy so caused.

Consequently, it will not be feasible for the new auditors who shall be appointed at the proposed Extraordinary General Meeting to complete the audit for submission to shareholders within the stipulated time, therefore, the Board of Directors on June 03, 2011, reversed the earlier decision of the Board taken on April 19, 2011 of change in the financial year of the company, starting from April 01, 2010 to December 31, 2010.

Now the Board of Directors has decided the Financial Year 2010-11 for the company shall now be the period starting from April 01, 2010 to March 31, 2011.