Talbros Automotive Components Limited

Talbros Automotive Components Limited has informed the Exchange that on receipt of Formal Order dated February 01, 2007 from the Hon'ble High Court at Chandigarh on March 28, 2007 and filing of the same with Registrar of Companies, Haryana on April 01, 2007, erstwhile XO Stamping Limited and IT Business of XO Infotech Limited were merged into the company. However since the High Court Order was filed with ROC on April 01, 2007, therefore the unaudited Financial Results for the 4th quarter ended March 31, 2007 of the Company, included the last quarterly unaudited financial results of erstwhile XO Stamping Limited and IT Business of XO Infotech Limited from January 01, 2007 to March 31, 2007. However the Audited Financial Results of the Company for the year ended March 31, 2007 includes the audited financial results for the full year of erstwhile XO Stamping Limited and IT Business of XO Infotech Limited from their appointed dates of merger i.e. from April 01, 2006 and March 01, 2006 respectively. This has resulted into the variation of 25.39% under the head Interest & Financial Charges which amounts to Rs.94.45 lacs and 29.04% under the head Depreciation amounting to Rs.121.39 lacs in comparison to unaudited financial results of the four quarters of the company comprising of 1st, 2nd, 3rd and 4th quarters unaudited financial results.