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NSE Announcements on Khaitan
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Khaitan (India) Ltd. has informed the Exchange that the auditors have conducted the limited review of the unaudited financial results of the Company for the quarter ended June 30, 2008 and found the same to be in order subject to certain observations. The auditors observations are: Accruing gratuity/leave encashment is treated on cash basis in Sugar Mill and Agriculture Division which is not in accordance with Accounting Standard - 15 and impact of revised AS 15 has not been taken, and the value of the total employee cost is understated thus overstating the profits by the same amount and no accounting/working has been made regarding deferred tax assets/ liability and tax expenses as per Accounting Standard - 22 issued by The Institute of Chartered Accountants of India....
BSE Announcements on Khaitan
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Khaitan India Ltd has informed BSE that the auditors have conducted the limited review of the unaudited financial results for the quarter ended June 30, 2008....
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