Jindal Photo 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:

“Provision for increase in liability, on account of employees benefits, if any, as required by revised Accounting standard 15 on ‘Employees Benefits’ and provision for impairment of assets if any as required by AS-28, issued by the Institute of Chartered Accountants of India will be made at the year end at the time of finalisation of accounts.”