Siemens Limited has informed the Exchange about change in Financial Year
SIEMENS · price
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Siemens Limited has received government approval to change its financial year from October-September cycle to the standard April-March cycle. The company will have an 18-month transitional period from 1st October 2024 to 31st March 2026. From 1st April 2026 onwards, the company will follow a uniform financial year of April to March. The Regional Director, Ministry of Corporate Affairs, Mumbai approved this change via order dated 13th May 2026. This aligns the company's reporting cycle with Indian regulatory standards.
This is an administrative change aligning Siemens India's fiscal year with Indian government norms and the standard April-March cycle used by most Indian companies. The 18-month transition means the next annual report will cover an extended period, but there is no direct impact on the company's business operations or shareholder value.