[brighter21]

Any one can throw light on the last announcement by the company saying audited financial results ( stand alone and consolidated), does it mean audits of subsidiaries done with???

[brighter21]

In this industry I believe most of receivables are linked with revenue generation or targeted results, so sometimes they get disputed or curtail down and hence exact conversion in to receipts is really difficult to gauge. Hence the valuation mismatch which depends upon genuineness of management.

[Author]

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