The eligibility criteria for CMAT are:

• The student must be an Indian Citizen.
• Must have passed graduation from an recognized university/college
• The final year appearing students are also eligible.

So yeah! You are eligible for the CMAT exam. And you should pass your graduation on the same year of your exam. Thus no need to worry about it.

To know more about CMAT visit the link provided below:

https://bschool.careers360.com/exams/cmat

I hope this answer helps. All the very best for your future endeavors!