Electrosteel Castings Ltd 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 :
(i) Note No. 4 of the Results as regards status of the dispute dealt with in Auditors qualification in respect of the previous Accounting Year regarding various matters including inter-alia related to investments and advances as stated therein of Rs 30 lacs and Rs 700 lacs respectively, carried at book value, consequential impacts whereof pending final outcome of disputes could not be ascertained and commented upon by the Auditors and
(ii) Auditors qualification in the audited accounts of the Company for the previous Accounting Year for non-disclosure of information with regard to a jointly controlled entity which has not been dealt with in the accompanying statement of the Results.
Saturday, September 8, 2007
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