Lime Chemicals - Limited Review For The Quarter Ended Dec 31, 2006

Lime Chemicals 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. No provision is made for the shortfall in the value of long-term investments in Regent Chemicals Ltd (RCL) Cost Rs 82.80 Lacs (Market Value Rs 16.78 Lacs as on February 16, 2001 being the last traded date) RCL has substantial losses as compared to its paid-up capital and free reserves. The Auditors are unable to express their opinion on shortfall in realisability of the investments and its consequent impact on the unaudited financial result for the quarter ended December 31, 2006.2. Sundry debtors considered good include Rs 83.04 Lacs, which is outstanding for a long period of time (more than 3years). The Auditors are unable to express their opinion on the shortfall on realization of these debtors and its consequent impact on the unaudited financial results for the quarter ended December 31, 2006.3. Foreign currency exchange loss / gain (if any) and gratuity liability as on December 31, 2006 have not been considered in the above review.