Thursday, February 21, 2008

Mafatlal Industries - Limited Review For The Quarter Ended Dec 31, 2007

Mafatlal Industries 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:

Note No 2 and 6, regarding certain relief and concession considered in the accounts, non - provision for diminution in the value of quoted and unquoted investments, non provision for overdue debts, loans and advances, non provision for impairment of capital work-in-progress, non accounting of rent / recovery of expenses and non-provision for certain interest.

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