Punjab Chemicals & Crop Protection 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:
No provision has been made for diminution in the value of a long-term investment, the cost of which amounts to Rs 237.63 lacs, as required by Accounting Standards AS-13 Accounting for Investments issued by the Institute of Chartered Accountants of India.
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