BEML 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:
“Reference is invited to Note No: 5 of the accompanying statement of unaudited financial results relating to manner of recognition and the amount of provision in respect of employee benefits as required by Accounting Standard 15 (Revised) issued by The Institute of Chartered Accountants of India. The effect of such provisioning is at present not ascertainable”.
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