With reference to earlier announcement of the Company, Frontline Corporation Ltd has now informed BSE that the Board of Directors of the Company at its meeting held on June 13, 2011 has passed a Board Resolution in superstation of the Board Resolution passed by Board of Directors at its meeting held on March 25, 2011 pursuant to Section 210(4) of the Companies Act, 1956 for approving for withdrawal of change in Financial Year of the Company for a period of 15 months beginning from April 01, 2010 to June 30, 2011.
Accordingly. the financial year of the Company which began in April 01, 2010 will be deemed to be ended on March 31. 2011.
The Board has also approved that the next financial year of the Company be the period from April 01, 2011 to March 31, 2012 and so on, until otherwise resolved.
The Company has submitted to BSE a Copy of Board Resolution in this regard.