Mcleod Russel India 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:
Notes 5, 8 and 9 on the Statement regarding tea stock valuation based on estimated cost of production, current and deferred tax, if any, not considered for the aforesaid periods under review and impact, if any, on certain employee costs not ascertained and accounted for respectively.
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