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Jay Shree Tea - Limited Review for the quarter ended Dec 31, 2007

Jay Shree Tea & Industries 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-provision for deferred tax for the quarter as per AS 22 on ‘Taxes on Income’.

2. Non-ascertainment and provision of liabilities for the quarter in respect of the revised Accounting Standard 15 on ‘Employee Benefits’.”

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