For the purpose of calculating diluted earnings per share, the net
 profit or loss for the period attributable to Equity Shareholders and
 the weighted average number of shares outstanding during the period are
 adjusted for the effects of all dilutive potential Equity Shares.
 
 * Consequent to allotment of shares as per CDR, shareholding is less
 than 5% as on 30.09.2012
 
 1.  For the period of 5 years immediately preceding the date at which
 Balance sheet is prepared:
 
 No Shares were allotted for consideration other than cash.
 
 2.  The Company has only one class of Equity Shares having a par value
 of Rs.10/-. Each holder of Equity Shares is entitled to one vote per
 share. There are no restrictions attached to any Equity Shares. The
 Company declares and pays dividends, if any, in Indian Rupees. In the
 event of liquidation of the Company, the holders of Equity Shares will
 be entitled to receive remaining assets of the Company, after
 distribution of all preferential amounts. The distribution will be in
 proportion to the number of Equity Shares held by the respective
 shareholders.
 
 1.  Term Loans are secured by way of joint equitable mortgage of all
 the present and future immovable properties of the Company and
 hypothecation of movable assets ranking pari passu amongst the term
 lenders and second charge on the current assets of the Company on pari
 passu basis with lenders of working capital loans.
 
 2.  FITL 2009 of SBM & WCTL are additionally secured by Corporate
 Guarantee of RSWM Ltd which is to be extended to other term loans also.
 
 3.  7,628,950 Equity shares of Cheslind Textiles Ltd. held by RSWM Ltd.
 have been pledged/ to be pledged as additional security for term loans
 on paripassu basis.
 
 1.  Secured loans repayable on demand include working capital loans
 secured by hypothecation of raw materials, stock in process, finished
 goods, semi finished goods, stores, spares, book debts and other
 current assets as well as second charge on Fixed Assets of the Company
 on pari-passu basis.
 
 2.  All loans repayable on demand carry fixed interest rate of 11% p.a.
 
 3.  As per stipulation of CDR scheme, Corporate Guarantee of RSWM Ltd.
 and pledge of 7,628,950 equity shares of Cheslind Textiles Ltd. held by
 RSWM Ltd. are to be provided as additional security for existing
 working capital loans also.
 
 Total
 
 Note: Refer Accounting Policy No.1 (f) of Note No.1
 
 vi) There is no amount included in the fair value of plan assets for
 the Company''s own financial instruments and property occupied by or
 other assets used by the Company.
 
 NOTE 3 : SEGMENTAL REPORTING - AS-17
 
 The Company has only one business - Textile Spinning, therefore there
 is no requirement of segmental reporting.
 
 NOTE 4 : RELATED PARTY DISCLOSURES - AS-18
 
 Related Party disclosures, as required by Accounting Standard 18 are
 given below:
 
 A. Relationship
 
 i) Key Management Personnel
 
 1.  Mr. Ravi Jhunjhunwala - Chairman
 
 2.  Mr. Vinod Mehta - President (Manager under Companies Act, 1956)
 
 3.  Mr. S.C. Parasrampuria - Director
 
 ii) Relatives of Key Management Personnel Ms.Kusum (M/s.Rakshit
 Packaging Pvt Ltd)
 
 iii) Holding Company - M/s RSWM Ltd
 
 iv) Subsidiary or Joint Venture of RSWM Ltd 1. RSWM International B.V.
 Holland
 
 d.  Duty on unfulfilled export obligation of EPCG licenses Nil Nil
 
 NOTE 5 : a) Names of small scale industrial undertakings to whom the
 Company owes any sum together with interest outstanding for more than
 thirty days: Nil.
 
 b) Based on the information so far obtained by the Company, payment to
 enterprises covered under the Micro, Small and Medium Enterprises
 Development Act, 2006 (MSMEd ACT) has been made within 45 days and
 disclosure in accordance with Section 22 of mSmED ACT is as under:
 
 NOTE 6 : CORPORATE DEBT RESTRUCTURING:
 
 Company was sanctioned a debt restructuring package (Including Working
 capital) under corporate debt restructuring (CDR) scheme on 30.03.2012
 effective from 1.12.2011 vide letter no BY CDR (JCP) No.6580/2011-12
 dated 30th March 2012. All lenders have approved and implemented the
 package. The restructuring proposal has been given effect in accounts.
 The restructuring inter-alia envisages:
 
 - Deferment / Rescheduling in payment of principal
 
 - Reduction in interest rates both on term loans and working capital
 loans
 
 - Funding of interest on existing term loans (except existing FITL of
 SBM) and working capital limits from 1.12.2011 to 30.06.2012.
 
 - The lenders reserve the right to re-compensate the sacrifices being
 made in case of Profitability & Cash flow position of the Company so
 warrant in future.
 
 - In lieu of sacrifice by the lenders, company to issue equity
 shares.
 
 - Conversion of existing unsecured loans from promoters into equity.
 
 - The lenders have the right to reset the interest rates after 2
 years in case of term loans & 1 year in case of Working capital
 facilities
 
 - In the event of any default in servicing of debt, the lenders shall
 have a right to convert existing/part of defaulted interest and
 principal into equity as per SEBI pricing formula.
 
 Equity shares of Rs.582.94 lakhs represents shares allotted on
 26.07.2012 to State Bank of Mysore, State Bank of India, Canara Bank,
 IDBI Bank Limited, ICICI Bank Limited and Export Import Bank of India
 as fully paid, as per CDR scheme being the differential Net Present
 Value (NPV) of Future Interest sacrifice.
 
 The unsecured loans of promoters existing on the day of CDR approval to
 the extent of Rs.1200.00 lakhs was converted into equity shares as per
 SEBI pricing formula and additional amount of Rs.440.00 lakhs was
 infused by the promoters towards share capital as per CDR scheme.
 Future interest sacrifice aggregating to Rs.582.94 lakhs by the banks
 and financial institutions as per CDR Scheme is amortized over the life
 of the loan in equal quarterly installments.
 
 NOTE 7 : Response to the letter(s) sent by company requesting
 confirmation of balances has been insignificant. Company notes that the
 Marketing and Accounting team has a system of periodical verification
 of balances and required adjustments are carried on that basis
 regularly. In view of the above, Management considered that impact of
 reconciliation, on receipt of balance confirmation, would not be
 significant on the same.
 
 NOTE 8 : Up to the year ended 31 March 2011, the company was using
 pre-revised Schedule VI of the Companies Act, 1956, for preparation and
 presentation of its financial statements. During the period ended 30th
 September 2012, the revised Schedule VI notified under the Companies
 Act, 1956, has become applicable to the company. The Company has
 reclassified previous year figures to confirm to current year''s
 classification.  The adoption of revised Schedule VI does not impact
 recognition and measurement principles followed for preparation of
 financial statements.  However, it impacts presentation and disclosures
 made in the financial statements, particularly presentation of balance
 sheet.
 
 NOTE 9 : Figures have been rounded off to the nearest rupee.
 
 * includes conversion of unsecured loan of Rs.12.00 Crs and interest
 sacrifices of Rs.5.83 Crs into Equity