Aptech 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:
1. The Company is yet to ascertain the adjustments which may arise under revised Accounting Standard 15 Employee Benefits issued by the Institute of Chartered Accountants of India. Hence, the impact of the same on the results is not known and not considered.
2. The Company has accounted for Stock Options granted under Aptech Equity Stock Plan 2006 on the basis of the legal Option obtained. The ESOP Compensation cost charged during the quarter is higher by Rs 47.96 Lakhs.
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