Metal Coatings India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 24, 2011, inter alia, decided to call off the Extraordinary General Meeting of shareholders scheduled to be held on June 03, 2011.

Further as the statutory auditor has signed the accounts and submitted his audit report for the accounting year (9 months period) ended December 31, 2010, and submitted the same to the Company on June 13, 2011, the Board of Directors in its meeting held on June 24, 2011, decided to reverse the earlier decision of the Board taken on June 03, 2011 of change in the financial year of the company, starting from April 01, 2010 to March 31, 2011.
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 December 31, 2010 as decided by the Board or Directors in their meeting held on
April 19, 2011.

Mr. D. P. Khandelwal, Director of the Company has tendered his resignation and the same has been accepted by the Board. Further Mr. S. K. Gupta, has been appointed as an additional director of the Company liable to be retired by rotation.