New Delhi Television Ltd (NDTV) 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:
The employee stock options granted to one of the directors during the quarter is subject to the approval by the shareholders. In the event the approval is not received, the grant of the stock options would stand cancelled and accordingly the cost of stock options charged for the quarter and the nine month period amounting to Rs 0.40 crores would be reversed. This would result in the Net Profit carried to the Reserves and Surplus for the quarter ended December 31, 2007 to be Rs 7.47 crores as against the reported figure of Rs 7.07 crores and for the nine months ended to be Rs 1.36 crores as against the reported figure of Rs 0.96 crores.
The employee stock options granted to one of the directors during the quarter is subject to the approval by the shareholders. In the event the approval is not received, the grant of the stock options would stand cancelled and accordingly the cost of stock options charged for the quarter and the nine month period amounting to Rs 0.40 crores would be reversed. This would result in the Net Profit carried to the Reserves and Surplus for the quarter ended December 31, 2007 to be Rs 7.47 crores as against the reported figure of Rs 7.07 crores and for the nine months ended to be Rs 1.36 crores as against the reported figure of Rs 0.96 crores.
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