Ajanta Soya Ltd has informed BSE 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. The Only Operating Segment identified by the Management is ‘Vanaspati / Refined Oil’ Segment during the period, hence no separate segmental information is given.

2. The increase / decrease in stock is not shown separately and the same has actually been adjusted against the consumption of Raw material in row 4(a), though this error does not affect the working result of the Company.

3. The figures of aggregate Public shareholding and investors complaints, as disclosed in the results for the period have been relied on as per certified of the management.

4. The Provision for Depreciation and provision for Income Tax and FBT and provision for employee’s retirement benefits for the Quarter under report has been proportionate of the estimate made on annual basis and which also has a major bearing of the events in subsequent period.

5. Provision for expenses for which no bills are received from the parties and valuation of stock has been estimated by the management & relied upon by the Auditors for these results.”