Bright Brothers - Limited Review For The Quarter Ended Dec 31, 2006

Bright Brothers 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 discloser of Auditors qualification on financial statement for the year ended June 30, 2006 and its status there on.2. Attention is invited to the Auditors qualification in the Balance sheet as on June 30, 2006 regarding non provision of disputed / doubtful claims & advances still remains un-provided. The Company has not provided for disputed / doubtful claims and advances etc aggregating to Rs 785.32 lacs. If the impact of the same has been considered, the loss for the quarter ended December 31, 2006 would have been Rs 723.09 Lacs against the reported profit of Rs 62.33 Lacs.