Andhra Cements - Limited Review For The Quarter Ended Dec 31, 2006

Andhra Cements Ltd has informed that in the limited review report of the Company for the quarter ended December 31, 2006, the Auditors of the Company have made the following observations:1. Non accounting / disclosure of impact on account of deferred taxation for the quarter under report if any.2. Treatment of deferred taxation and non disclosure thereof with impact on the audited accounts for the year ended September 30, 2006 as commented upon by the Auditors in their audit report for the year ended September 30, 2006.