1 Contingent Liabilities :
 
 Claims against the company not acknowledged as debts :
 
                                            (Rs.in Lacs)
 
 2 The estimated amount of contracts remaining 
 to be executed on capital account and not 
 provided for.                       1185.89      61.11
 
 3 PREFERENCE SHARES :
 
 (i) 1,35,000 10% Redeemable Cumulative Non-convertible Preference
 Shares (Previous Year 1,35,000 Preference Shares) of Rs.10/-each
 redeemable at par on 19.01.2010 which are not paid.
 
 (ii) 60,00,000 13.5% for 1999-2000, 10% p.a. from April 1,2000 till
 March 31,2004 and 12% p.a. thereafter, Redeemable Cumulative
 Non-convertible Preference Shares (Previous Year 60,00,000 Preference
 Shares) of Rs.100/-each redeemable at par in 28 quarterly instalments
 commencing from April 1, 2003 and ending on January 1, 2010.
 Instalments due have not been paid.
 
 4 NOTES ON SECURED LOANS :
 
 Term Loans from Financial Institutions and Banks :
 
 The Term Loans of Rs.272.00 lacs from Financial Institutions and Term
 Loans of Rs.8114.88 lacs from Banks are secured by fi rst interse
 pari-pasu charge/equitable mortgage and /or hypothication charges
 created over all immovable and movable assets of the Company both
 present and future, of (I) Arvind Intex situated at Rajpur
 Road,Gomtipur,Ahmedabad, (ii) Ankur Textiles situated at Outside Raipur
 Gate,Ahmedabad,(iii) Bottom Weigtht Division situated at Santej,Taluko
 Kalol, (iv) lease hold land of Arvind Cotspin situated at Kolhapur, (v)
 freehold land situated at Vadsar, (vi) frehold land situated at Moti
 Bhoyan and (vii) freehold land situated at Khatraj and second charge of
 current assets both present and future of the Company.
 
 Cash Credit and Other Facilities from Banks : Cash Credits and other
 facilities from Banks of Rs.4760.79 lacs are secured by fi rst charge by
 way of hypothecation of inventories and book debts, both present and
 future, besides second charge on all fixed assets of the Company. All
 these securities to rank pari- passu among the banks.
 
 5 The Company has not received any information from suppliers
 regarding their status under the Micro, Small and Medium Enterprises
 Development Act,2006 and hence disclosure regarding :
 
 a) Amount due and outstanding to suppliers as at the end of accounting
 year
 
 b) Interest paid during the year
 
 c) Interest payable at the end of the accounting year
 
 d) Interest accrued and unpaid at the end of accounting year, has not
 been provided.
 
 The Company is making efforts to get the confirmations from the
 suppliers as regards their status under the act.
 
 6 (a) Plant & Machinery taken on lease for a period of 5 years with
 the option of renewal.
 
 The particulars of these leases are as follows :
 
 (b) Plant & Machineries are given on operating lease for a period of 12
 to 60 months with the option of renewal.
 
 The particulars of lease are as under :
 
 7 In terms of the provisions of the Accounting Standard No.22
 Accounting for tax on Income notifi ed by Companies (Accounting
 Standards) Rules,2006, there is a net deferred tax assets on account of
 accumulated business losses and unabsorbed depreciation.
 
 In compliance with provisions of Accounting Standard and based on
 General Prudence, the Company has not recognised the deferred tax asset
 while preparing the accounts for the year under review.
 
 8 Segment information for the year ended 31st March,2011
 
 Information about Primary Business Segments
 
 The Company is in the business of manufacturing,trading and dealing in
 textiles only.
 
 In view of the above the Company has only one reportable segment i.e.
 Textiles.