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Some of the key takeaways from the audit report are — there have been discrepancies in the company's revenue recognition policy. Also, the auditor has said that the revenue recognition in contracts is not consistent with the Indian Accounting Standard (Ind AS) 115 standard. Lastly, the company has duly received a standalone transaction price which is the upfront revenue from the customers for the contracts, which it has signed. In October 2021, the stock price was close to Rs 632 a share. EKI Energy Services shares locked in the lower circuit for a third straight day on Wednesday.