Corporate Information
 
 The principal activities of the company comprises of trading in
 textiles, fabrics, readymade garments, yarn, hosiery, cotton and
 blended socks vests, underwear, other knitted fabrics, textiles made of
 silk, art-silk, rayon, staple and synthetic fibres, cotton, wool, flax,
 hemp, jute, business of spinning, texturising, crimping and twisting of
 staple, syntheticfibre, silk, cotton, wool, flax, hemp, jute and other
 fibres, yarn or raw materials.  
 
 In accordance with the approval of the shareholders, the company had,
 on a preferential basis, Issued 150,00,000 warrants of Rs.10 In each to
 the at a price of Rs.10 each. The holder of each warrant is entitled to
 apply for and obtain allotment of 150,00,000 equity shares against each
 warrant at any time after the date of allotment but on or before the
 expiry of 18 months from the al lotment one or more tranches. The
 company has not revelved 100% of total consideration receivable. Of the
 aggregate share warrants Issued, 142,20,000 share warrants have already
 been converted Into Equity Shares and the balance 7,80,000 warrants are
 not converted into equly shares as only 25% of 7,80,000 warrants of
 Rs.10 I.e., Rs.19,50,000 Is received and the same Is transferred to
 Capital Reserves.
 
 The office at the company secretary has been vacant. The company is fn
 process of appointing a full tfme company secretary
 
 The Revised schedule VI has become effective from April 1,2011 for the
 prepartlon of financial statement Impacted the dlsdoure and
 presentation made In finandaf statements.
 
 Previous year figures have been regrouped /reclassified wherever
 necessary to correspond with there current year
 cIasslfiaction/disclosure