Industrial Investment Trust Ltd has informed that in the limited review report of the Company for the quarter ended June 30, 2007, the auditors of the Company have made the following observations:
Attention is invited to Note 3 on revised unaudited financial results for the three months ended June 30, 2007, wherein the board of directors have revised the financial statements for the year ended March 31, 2007 consequent to its decision to provide for diminution in the value of investments and has proposed a dividend in its board meeting held on August 16, 2007, subsequent to approval of financial statements for the year ended March 31, 2007 in its meeting held on June 30, 2007 and reported upon by us vide our report dated June 30, 2007. Having regard to the foregoing, the results for the three months ended June 30, 2007 and in respect of March 31, 2007 have been revised.
Source : www.indian-commodity.com
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