India Foils 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 31, 2009) regarding the statutory auditors observations in their audit report on the accounts of the company for the year ended March 31, 2009 along with companys comments. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).