K M Sugar Mills - Limited Review For The Quarter Ended Dec 31, 2006

K M Sugar Mills 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:No provision is made for deferred tax / liabilities in the quarterly financial result by the Company as required by the Accounting Standard 22 on Accounting for taxes on Income issued by the Institute of Chartered Accountants of India (ICAI).