Amara Raja Batteries Ltd has informed that in the limited review report of the Company for the quarter ended December 31, 2007, the Auditors of the Company have made the following observations:
Commission to Managerial personnel amounting to Rs 39.82 millions for the Quarter under review has been provided based on the profits for the said Quarter, in anticipation of adequate profits at the end of the financial year for payment of such commission.
Commission to Managerial personnel amounting to Rs 39.82 millions for the Quarter under review has been provided based on the profits for the said Quarter, in anticipation of adequate profits at the end of the financial year for payment of such commission.
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