Aplab Limited has informed the Exchange, vide Notes to Accounts in the Un-audited Financial Results of the Company for the quarter ended 31st March, 2012 (taken on record by the Board of Directors of the Company at their meeting held on 14th May 2012) as follows: (1) The Auditors for the year ended 31-03-2011 have commented about non viability of the investment in and amounts due from subsidiary. However with the measures taken by management these investment and amounts due are considered good and are fully recoverable (2) The Auditors for the year ended 31-03-2011 commented for non provision of Gratuity in the accounts. There is no default in paying Gratuity to employees leaving the Company on superannuation or otherwise. However, the Company has continued to contribute to LIC Group Gratuity Scheme. (Source MSE)
NSE: APLAB
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