Hind Syntex - Limited Review For The Quarter Ended Sep 30, 2007

Hind Syntex Ltd has informed that in the limited review report of the Company for the quarter ended September 30, 2007, the Auditors of the Company have made the following observations:

1. The depreciation on plant and machinery is charged on the basis of continuous process plant as in the earlier years.

2. The Company would review impairment of its assets in accordance with Accounting Standard 28, Impairment of Assets, on year end.

3. The Company would review additional obligation, if any in accordance with Accounting Standard - 15 (Revised 2005) on Employee Benefit at the year end.

4. As per Accounting Standard - 22, Accounting for Taxes on Income, the Company has deferred tax asset on account of timing differences of Rs 41,03,617/- during this quarter. However, the Company has not considered deferred tax asset during the quarter and the same will be considered at the year end.