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Hathway Bhawani - Limited Review for the quarter ended Dec 31, 2007

Hathway Bhawani Cabletel & Datacom 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. Non compliance of Accounting Standard 15 “Employee Benefits” (revised 2005) the impact of which is not ascertained.”

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