Aries Agro Limited has informed the Exchange vide notes to Accounts in the Audited Financial Results for the year ended March 31,2009 (taken on record by the Board of Directors of the Company at its meeting held on June 26, 2009) that "As regards the comment of the Auditors in their Audit Report regarding compliance with the Accounting Standard 15 in respect of Retirement benefits, the Company has already opted for the gratuity fund administered by Life Insurance Corporation of India, Mumbai for the employees of the Company. Further, as regards the leave encashment, the same is only for Managerial staff and is accounted on cash basis".
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