Saint Gobain Sekurit 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:
The Institute of Chartered Accountants of India has made Accounting Standard - 15 (Revised 2005) on Employee Benefits mandatory from accounting periods commencing on and from December 07, 2006. The Company continues to adopt the provisions of the erstwhile Accounting Standard-15 and hence not adopted the provisions of the Accounting Standard-15 (Revised 2005). Accordingly the results for the quarter and six months ended June 30, 2007 do not contain the impact of the revised standard. The impact is currently not ascertainable.
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