Polychem 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:
1. Non compliance of Accounting Standard 15 Employee Benefits (revised 2005) the impact of which has not been ascertained.
2. The capital employed reported by the Company should be read for specialty chemical as Rs 133.58 lacs as against Rs 125.41 lacs and for unallocable as Rs 724.12 lacs as against Rs 778.82 lacs.
1. Non compliance of Accounting Standard 15 Employee Benefits (revised 2005) the impact of which has not been ascertained.
2. The capital employed reported by the Company should be read for specialty chemical as Rs 133.58 lacs as against Rs 125.41 lacs and for unallocable as Rs 724.12 lacs as against Rs 778.82 lacs.
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