RTS Power Corporation Ltd has informed BSE that in the limited review report of the Company for the quarter ended September 30, 2007, the auditors of the Company have made the following observations:

“Non-provision for current tax, deferred tax and fringe benefit tax, non-provision and non-ascertainment of staff benefits in terms of AS - 15 (revised) (amount not ascertained), and sales being reported net of excise to the tune of Rs 376.91 lacs.”