i) Term / Rights attached to Equity shares
 
 The company has one class of equity shares having a par value of Rs. 10
 per share. Each shareholder is eligible for one vote per share held.
 The dividend proposed by the Board of Directors is subject to the
 approval of the shareholders in the ensuing Annual General Meeting,
 except in case of interim dividend.
 
 During the year ended 31st March,2012 the amount per share dividend
 recognized as distributed to equity shareholder is Rs. Nil (Previous
 year: Rs. 1.50 Per Share)
 
 In the event of liquidation, the equity shareholders are eligible to
 receive the remaining assets of the Company after distribution of all
 preferential amounts, in proportion to their shareholding.
 
 ii) Equity Share Capital includes 29,57,469 Shares issued for
 consideration other than Cash, pursuant to Scheme of Amalgamation of
 erstwhile Bhilwara Processors Limited with the Company as approved by
 the Hon''ble High Court of Rajasthan at Jodhpur.
 
 i) Nature of Security: The Term Loans from Banks are secured by way of
 joint equitable mortgage / hypothecation of all immovable and movable
 existing and future assets of the Company except book debts ranking
 pari passu subject to prior charge created / to be created in favour of
 the Company''s bankers on stocks of raw materials, semi-finished,
 finished goods for working capital.
 
 iii) None of loans are guaranteed by Directors or Others.
 
 ii) Deferred Tax Assets and Deferred Tax Liabilities have been offset
 as they relate to the same governing taxation laws.
 
 i) Bank loans for working capital are secured against hypothecation of
 stocks of raw materials, finished goods and goods in process.  The same
 is also secured by second charge created/to be created in favour of
 Company''s Bankers by way of joint equitable mortgage on immovable
 properties of the Company which is ranking pari passu and having
 floating interest rate ranging from 10.60% to 13.50%
 
 ii) None of Working Capital loans are guaranteed by Directors or Others
 
 There are no Micro, small and medium enterprises to whom the company
 owes dues, which are outstanding for more than 45 days as at 31st
 March, 2012. 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.
 
 There is no amount of Un-paid dividend, due for payment to the Investor
 Education and Protection Fund under Section 205C of the Companies Act,
 1956 as at the year end .
 
 i) Disposal from Gross Block represents sale / transfer / discard of
 fixed assets and adjustment of lease rent.
 
 ii) Deduction in depreciation is on account of Sale / Transfer /
 discard of Fixed Assets.
 
 iii) Gross block and Net Block of fixed assets includes Rs. 1096.26 Lac
 (P.Y. Rs. 1096.31 Lac) and Rs. 646.36 Lac (P.Y. Rs. 728.21 Lac) respectively
 on account of revaluation of fixed assets carried out in past by
 erstwhile Bhilwara Processors Limited. Depreciation of Rs. 81.82 Lac
 (P.Y. Rs. 87.20 Lac) has been charged to statement of Profit & Loss on
 these revalued assets.
 
 iv) No provision is required for impairment of assets according to
 AS-28 ''Impairment of Assets as the value in use as estimated by the
 management, is higher than the carrying amount of the assets as on
 Balance Sheet date. In order to arrive at the value in use, the company
 has reviewed the future earnings of the remaining useful life of all
 its cash generating units as at Balance Sheet date which has been
 discounted at the average long term lending rate of the Company.
 
 v) The commercial production of 20 Nos. Toyota Airjet weaving machines
 have commenced during the year w.e.f. 01.01.2012.  Preoperative
 expenditure incurred up to the date of commencement of commercial
 production is Rs. 43.26 Lacs.
 
 Trade Receivable includes Rs. 39.64 Lacs (Previous year Rs. Nil)
 receivables from related parties.
 
 Short term loans and advances includes Rs. Nil (Previous year Rs. Nil)
 receivables from Directors/ officers/ Companies and firms under same
 management.
 
 The Company has complied with Accounting Standard 15 (Revised 2005) and
 the required disclosure are given hereunder:
 
 The estimation of future salary increase considered in actuarial
 valuation, take account of inflation, seniority promotion and othe
 relevant factors, such as supply and demand in the employment market
 etc. The above information is certified by the Actuary. Th< estimate of
 contribution for the next year as per actuarial valuation is as
 under:-.
 
 a) Gratuity        - Rs. 51.29 lac
 
 b) Earned Leave    - Rs. 12.01 lac
 
 1.  SEGMENT REPORTING
 
 The Company''s operation predominantly relates to Textile & generation
 of Wind power. On the basis of assessment of the risk and return
 differential in terms of AS-17, the Company has identified Textile and
 Wind Power as primary reportable segments. Further the geographical
 segment have been considered as secondary segment and bifurcated into
 Domestic & Export segments.
 
 The revenue and expenditure in relation to the respective segment have
 been identified and allocated to the extent possible. Other items i.e.
 interest expenses, income tax, etc. not allocable to specific segments
 are disclosed separately as unallocated and adjusted directly against
 the total income of the Company.
 
 2.  RELATED PARTY TRANSACTIONS
 
 a) Enterprises that directly, or indirectly through one or more
 intermediaries, control or are controlled by or are under common
 control with the reporting enterprise (this includes holding companies,
 subsidiaries and fellow subsidiaries) - None
 
 b) Associates and joint ventures - None
 
 c) Individuals owning directly or indirectly, an interest in the voting
 power of the reporting enterprise that gives them control or
 significant influence over the enterprise, and relatives of any such
 individual. - None
 
 d) Key management Personnel and their relatives – 
 
 Shri Arun Churiwal
 
 Shri Nivedan Churiwal
 
 e) Enterprises over which any person described in (c) or (d) is able to
 exercise significant influence.
 
 - RSWM Limited
 
 f) Transactions with Related Parties
 
 The following transactions were carried out with the related parties in
 the ordinary course of business:
 
 3.  FOREIGN CURRENCY EXPOSURE
 
 (a) The Company hedges its export realizations through Foreign Exchange
 Hedge Contracts in the normal course of business so as to reduce the
 risk of exchange fluctuations. No Foreign Exchange Hedge Contracts are
 taken /used for trading or speculative purpose.
 
 (b) During the year Company has early adopted AS 30 Financial
 Instruments: Recognition and Measurement and The effective portion of
 such forward contracts is taken into hedging reserve for Rs. 150.00 Lacs
 and profit on ineffective portion, not designated as hedge is taken
 into statement of profit & loss for Rs. 21.25 Lacs.
 
 (c) The Company has following gross forward contract exposure
 outstanding as on balance sheet date which have been designated as cash
 flow hedge to its exposure to movements in foreign exchange rates :
 
 4.  CONTINGENT LIABILITIES AND COMMITMENTS             (Rs. in lac)
 
 S.  Particulars                      This Year      Previous Year 
 
 No.
 
 (i) Contingent Liabilities
 
 (a) Claims against the Company 
     not acknowledged as debts          15.52            15.52
 
 (b) Guarantees given by the 
     Company''s Bankers                 134.58           159.38
 
 (c) Others
 
 (i) Bills discounted with Banks      1653.21          1229.78
 
 (ii) Excise duty demand disputed 
      by the Company                    18.65            23.88
 
 (iii) Sales Tax demand of 
       Erstwhile BSL Wulfing Ltd., 
       disputed by the company          31.64            31.64
 
 (ii) Commitments
 
 (a) Estimated value of contracts 
     remaining to be executed on 
     Capital Accounts                   14.78           617.97
 
 5. PREVIOUS YEAR FIGURES
 
 The financial statements for the year ended 31st March, 2011 had been
 prepared as per the applicable, pre-revised Schedule VI to the
 Companies Act, 1956. Consequent to the notification of Revised Schedule
 VI under the Companies Act, 1956, the financial statements for the year
 ended 31st March, 2012 are prepared as per Revised Schedule VI.
 Accordingly, the previous year figures have also been reclassified to
 conform to this year''s classification. The adoption of Revised Schedule
 VI for previous year figures does not impact recognition and
 measurement principles followed for preparation of financial
 statements.