Amit Spinning Industries 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:
"Attention is invited to the notes to the accompanying statement regarding provision, if any, for recording of impairment loss, if any (as per Accounting Standard - 28 'Impairment of Assets' issued by the ICAI) and provisions, if any, (as per Accounting Standard - 29 'Provisions, Contingent liabilities and Contingent Assets' issued by the ICAI), adjustment on account of Retirement Benefits (as per Accounting Standard - 15 (Revised) 'Employees Benefits issued by ICAI) which will be made at the year end."
Amit Spinning Industries Ltd
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