THE BOARD OF DIRECTORS
KESORAM INDUSTRIES LIMITED
9/1, R. N. MUKHERJEE ROAD
KOLKATA-700 001
 

report on limited review of the unaudited financial results of the company for the quarter and half year ended 30th september, 2008

 
1. We have reviewed the accompanying statement of unaudited financial results of Kesoram Industries Limited for the quarter and half year ended 30th September, 2008, initialled by us for the purpose of identification. This statement is the responsibility of the Company’s Management and has been approved by the Board of Directors. Our responsibility is to issue a report on the aforesaid financial statement based on our review.
 
2. We conducted our review in accordance with the Standard on Review Engagement (SRE) 2400, Engagements to Review Financial Statements issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the financial statements are free of material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.
 
3. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying statement of unaudited financial results prepared in accordance with applicable accounting standards and other recognised accounting practices and policies has not disclosed the information required to be disclosed in terms of Clause 41 of the Listing Agreement including the manner in which it is to be disclosed, or that it contains any material misstatement.
 

Kolkata 31st October, 2008	(S. K. Deb) Partner Membership No. 13390 For and on behalf of Price Waterhouse Chartered Accountants Plot No. Y-14, Block-EP Sector-V, Salt Lake Electronic Complex Bidhan Nagar Kolkata-700 091