Elque Polyesters 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. Regarding non-provision of interest and other dues to various banks and financial institutions, quantum of which is un-ascertainable.
2. Pursuant to the revival package under consideration by BIFR and other banks and financial institutions the auditors reserve their comments on the Going concern concept adopted by the Company.
3. The plant has been temporarily shut down for the time being due to uneconomic market condition.
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