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| Exchange Disseminated Time | Shree Rama Multi Tech Ltd has informed BSE 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 :
"Management has informed Auditors that it has provided contingency expenses to cover, cost of inflation and also for expenses for which bills are still to be received it is informed that the major input procurement costs of the Company is Demand elastic and subject to highly erratic market forces and therefore the costs referred to above are spread over through out the year to arrive at a fair and equitable charge on the profits of the Company. The Company review shows that the aforesaid expenditure would have been decreased by about Rs 20 lacs and net Loss for the quarter would have decreased by Rs 20 lacs, if the actuals are taken." |
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