I read through the AR - I like the management's candidness in highlighting issues that they faced last year. the two points that were disconcerting were
- auditors and registrar/share transfer agents are both karvy
- the consolidated cash flow and stand alone cash flow were the same - I think there was a clerical error here. they should have been marginally different.
otherwise, they had given detailed split of cash, liquid investments etc.
Invested and looking to add more at Rs. 2300 levels