Weizmann 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:
As referred to in note no 3 of the annexed statement of Un-audited financial results for quarter ended June 30, 2007, the Company has not provided current income tax liabilities arising on account of taxable profits, aggregating to Rs 494.05 lacs for the quarter ended June 30, 2007 as a result of which the net profit after tax for the quarter has been overstated by Rs 494.05 lacs with a consequential decrease in current liabilities of a similar amount.
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