1) The estimated amount of contracts remaining to be executed on
 capital accounts and not provided forRs. 3977.84 Lacs (Previous Year
 687.08 Lacs)
 
 2) Contingent Liabilities in respect of:              (Rs. in Lacs)
 
 Particulars                            March 31,2011   March 31,2010
 
 a.  Service Tax Matters disputed in appeal     56.93           56.93
 
 b.  Custom duty payable on pending export 
 obligations                                  2515.05         1336.00
 
 c.  Letter of Credit                         3665.21         1750.61
 
 d.  Guarantees given by banks on behalf 
 of the Company                                 78.00           21.00
 
 3) Interest and Finance Charges are net of interest subsidy received
 under TUFS scheme amounting to Rs.73.41 Lacs (Previous Year Rs. 124.03
 Lacs).
 
 4) The Company issued Zero Coupon Foreign Currency Convertible Bonds (
 FCCBs) of face value of US$ 20 Million on April 10, 2007.The FCCBs
 have been listed on the Singapore Exchange Securities Trading Limited
 and are convertible, by holders of the FCCBs, at any time on or after
 May 10,2008 and up to the close of business on March 28,2012 into fully
 paid equity shares of face value of Rs.10 each, to be newly issued by
 the company at agreed upon initial Conversion Price (as defined in the
 Terms and Conditions of the Bonds) of Rs.148.93 per equity share. As
 per the terms of the FCCBs, the conversion price was reset at Rs.126.59
 and Rs. 113.93 per share on 10th April 2008 and 10th April 2010
 respectively. In case the holders of FCCBs do not opt for the
 conversion, the FCCBs will be redeemed in US dollars on April 11, 2012
 at a premium of 48.02 per cent of their principal amount. Such Premium
 on redemption of FCCBs is being adjusted by the Company against the
 balance of Securities Premium Account on time period basis over the
 life of the FCCBs.
 
 In June 2010, as per approval of the Reserve Bank of India, the Company
 has further bought back and cancelled FCCBs of the Face Value of US$ 5
 Million (Previous Year US$ 7.5 Million), at a discount of US$ 0.172
 Million (Previous Year US.875 Million) to the face Value. This has
 resulted in a net gain of Rs.75.30 Lacs (Previous Year 772.96 Lacs)
 which has been credited to Profit and Loss Account for the year and has
 been disclosed in schedule 12,Other Income. Consequent upon such
 buyback and cancellation the FCCBs, corresponding provision of Rs.
 598.78 Lacs (Previous Year Rs. 649.07 Lacs) made for premium on
 redemption of the FCCBs, has been reversed and adjusted to the
 Securities Premium Account. FCCB outstanding as on 31.03.2011 is US$
 7.5 Million.
 
 5) There are no dues to Micro and small Enterprises as at 31 th March,
 2011 .This information as required to be disclosed under the Micro,
 Small and Medium Enterprises Development Act, 2006 has been determined
 to the extent such parties have been identified on the basis of
 information available with the company.
 
 6) There is no amount due and outstanding as on 31 st March, 2011 to be
 credited to Investor Education and Protection Fund. During the year the
 Company has credited Rs.4.44 Lacs, lying in the unpaid / unclaimed
 dividend account, to the Investor Education and Protection Fund
 pursuant to Section 205C of the Companies Act,1956 read with the
 Investor Education and Protection Fund(Awareness and Protection of
 Investors) Rules, 2001
 
 7) Derivative transactions:
 
 i.  The Company has entered into the following derivative instruments;
 
 a) The Company uses forward exchange contracts to hedge its risks
 associated with foreign currency fluctuations relating to certain firm
 commitments and forecasted transactions. The use of foreign currency
 forward contracts is governed by the Company''s strategy which provides
 principles on use of such forward contracts consistent with the
 Company''s Risk Management Policy. The Company does not use forward
 contracts for speculative purposes.
 
 8.  SEGMENT INFORMATION:
 
 a. The Company has identified two reportable segments viz. Textile and
 Power Generation Unit. Segments have been identified and reported
 taking into account, the nature of products and services, the differing
 risks and returns, the organization structure and the internal
 financial reporting systems.
 
 b. Segment revenue, results, assets and liabilities include the
 respective amounts identifiable to each of the segments and amounts
 allocated on a reasonable basis. Investments, tax related assets and
 other assets and liabilities that cannot be allocated to a segment on
 reasonable basis have been disclosed as Un allocable.
 
 Defined Benefit Plan
 
 The employees'' gratuity fund scheme managed by Life Insurance
 Corporation of India who invests the funds as per IRDA guidelines, is a
 defined benefit plan. The present value of obligation is determined
 based on actuarial valuation using the Projected Unit Credit Method
 which recognizes each period of service as giving rise to additional
 unit of employee benefit entitlement and measures each unit separately
 to build up the final obligation.  The obligation for leave encashment
 is recognized in the same manner as gratuity.
 
 9) RELATED PARTY DISCLOSURES:
 
 (As identified by Management)
 
 Name of the party and relationships
 
 a) Companies and firms in which Directors/Directors'' Relatives exercise
 control / significant influence: Companies Firms 
 
 New Ahmedabad Synthetics Pvt. Ltd.  B. Kalpeshkumar & Co.
 
 Vee Bee Textile Pvt. Ltd.  Parmanand Rajeshkumar
 
 Rentex Weavers Ltd.  Virendrabhai Bhogilal & Co.
 
 Twenty First Century Marketing Ltd.  Arora Agencies
 
 EnnbeeTextiles Pvt. Ltd.  Parmanand Vinodkumar
 
 V.B. Investment Pvt. Ltd.  Pari Bhogilal Laxmichand
 
 Pee Vee Synthetics Pvt. Ltd.  Parmanand Arora & Sons, HUF
 
 Shipa Fabrics Pvt. Ltd.  T.P. Vinodkumar, HUF
 
 Kashvi Holding Pvt. Ltd.  T.P. Rajeshkumar, HUF
 
 Kashvi Investments Pvt. Ltd.  K.V. Enterprise
 
 Bhansali Tradelink Pvt. Ltd.  A.V. Enterprise
 
 Maverlin International Pvt. Ltd.  A Star Fibres
 
 b) Key management personnel
 
 Vinodkumar P.Arora RajeshP.Arora
 
 Parmanand T. Arora AshishVShah
 
 KalpeshV.Shah
 
 c) Relatives of key management personnel
 
 NipunV.Arora RenuArora
 
 PankajV. Arora Rita Arora
 
 HeenaKhanna Kasturanrani Arora
 
 Chinmaya P.Arora BhriguN. Arora
 
 JahanviN. Arora Parul K. Shah
 
 BelaA.Shah PankilK.Shah
 
 PreetiN. Arora Shikha Arora
 
 SomniChawla SarthakP Arora
 
 10) QUANTITATIVE INFORMATION:
 
 a) Class of Goods Manufactured
 
 i) Denim Fabric
 
 ii) Non Denim Cotton Fabric 
 
 iii) Electrical Energy 
 
 iv) Readymade Garment
 
 11) Previous Year''s figures have been regrouped / rearranged wherever
 necessary so as to make them comparable with the figures of the current
 year.
 
 12) Schedule 1 to 19 form integral part of Balance Sheet and Profit and
 Loss Account and are duly authenticated.