1.  There are no dues to Micro, Small and Medium Enterprises as at 31st
 March 2011 (Previous year Nil).
 
 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 based on the information
 available with the Company.
 
 2.  FINANCIAL & DERIVATIVES INSTRUMENTS:
 
 Nominal value of Forward Contracts (USD/INR & EURO/INR) entered into by
 the Company for hedging Currency Risks and outstanding as on 31st
 March, 2011 amounting to Rs 2078.95 lacs.  (Previous Year Rs 1239.30
 lacs)
 
 Un-hedged Foreign Currency exposure that are not hedged by derivative
 instruments or Forward Contracts as at 31st March, 2011 amounting to Rs
 1381.66 lacs (Previous Year Rs 334.16 Lacs).
 
 3.  RELATED PARTY DISCLOSURES:
 
 I.  Names of related parties & description of relationship:
 
 A.  Key Management Personnel:
 
 1.  Shri Shyam S. Sharma Chairman cum Managing Director
 
 2.  Shri Vishnu Dutt Khandelwal Executive Vice Chairman
 
 3.  Shri Sharad Sharma Joint Managing Director
 
 4.  Shri Rajesh Sharma Executive Director
 
 B.  Relatives of Key Management Personnel:
 
 1.  Smt. Vimal Sharma Wife of Shri Shyam S. Sharma
 
 2.  Smt. Nirmal Khandelwal Wife of Shri Vishnu Dutt Khandelwal
 
 3.  Smt. Seema Sharma Wife of Shri Sharad Sharma
 
 4.  Smt. Ratna Sharma Wife of Shri Rajesh Sharma
 
 5.  Shri Sandeep Khandelwal Son of Shri Vishnu Dutt Khandelwal
 
 C.  Companies & Concerns Controlled by Key Management
 Personnel/Relatives:
 
 1.  Sandeep Yarns Pvt. Ltd.
 
 2.  GPL Finance Limited.
 
 4.  DEFERRED TAXATION:
 
 (i) Deferred Tax (net) for the Current Financial Year of Rs 3.45 Lacs
 (Previous Year Rs 17.93 Lacs) has been charged to the Profit & Loss 
 Account.
 
 5.  SEGMENT INFORMATION:
 
 a) Primary Segment (by Business Segment):
 
 Based on the guiding principles given in the Accounting Standard on
 Segment Reporting (AS-17), Company is primarily in the business of
 manufacture and sale of Polyester Staple Fibre and Polyester Yarn which
 mainly have similar risks and returns. Since Company''s business
 activity falls within a single geographical and business segment
 (Synthetic textile), hence it has no other primary reportable segments.
 
 6. a)DISCLOSURES IN DANCE WITH ACCOUNTING STANDARD-15 ON EMPLOYEE
 BENEFITS
 
 a)Defined Contribution Plans
 
 The Company has recongnized an expense of Rs 5829824 (Pervious year Rs
 3899702) towards the defined contribution plans.
 
 b) Defined benefit Plans (all figures are in Rs)
 
 As per Actuarial Valuation on 31st March, 2011
 
 c.  Employee benefits in the form of defined contribution plans and
 defined benefit plans (Gratuity & Leave  Encashment) are not payable
 to the Executive Directors of the Company.
 
 d.  The estimates of future salary increases considered in actuarial
 valuation takes into account inflation, seniority, promotion and other
 relevant factors.
 
 7.  CONTINGENT LIABILITY NOT PROVIDED FOR IN RESPECT OF:
 
                                                           (Rs in Lacs)
 
 Particulars                                     As at        As at
                                               31.03.2011   31.03.2010
 
 (i) Bills negotiated under Letter of 
 Credit and outstanding                           1125.71       630.71
 
 (ii) Claims against the company not 
 acknowledged as debts                              20.19        14.70
 
 (iii) Disputed Tax matters under appeal:
 
 - Customs Duty demand                               7.79         7.79
 
 - Sales Tax/ Trade Tax Liabilities                   Nil         6.06
 
 - Entry Tax Liability                              27.88        27.88
 
 - RTO Tax liability in respect 
 of company''s old vehicle                            5.53         5.53
 
 (iv) Appeal filed against the Company 
 before Hon''ble Supreme Court by the 
 opposite party in respect of amount 
 received by the Company under an award
 decided in favour of the Company.                  80.98        80.98
 
 (v) Service tax refund, once 
 received by the Company
 under an appeal, disputed by 
 the Service Tax
 Department in CEGAT                                 2.28         2.28
 
 (vi) Differential amount of 
 custom duty in respect
 of imports made under EPCG Scheme
 (net of obligations fulfilled)                     66.45       253.97
 
 8. During the year, Excise duty was imposed by Excise authorities on
 one of the company''s product through a Circular issued on 29th June,
 2010. As per the legal opinion obtained, the Circular is not legally
 tenable as it is against the legal provisions as well as settled
 judicial position by CESTAT in company''s own case. Company has disputed
 the imposition of excise duty through the Circular and taken the legal
 recourse. Pending the legal case, Company has started paying excise
 duty, under dispute, since December 6, 2010 and also made a provision
 for Rs 97.02* lacs for the period from 29th June, 2010 till December 5,
 2010. (Previous Year – Rs Nil)
 
 * Net of Cenvat available.
 
 9.  Estimated amount of Contracts remaining to be executed on capital
 accounts and not provided for Rs 35.50 lacs (Previous Year Rs Nil).
 
 10.  Additional Security Deposit demand of Rs 36.51 lacs raised by
 Electricity Distribution Authority of Uttarakhand, which was stayed by
 Hon''ble Nainital High Courts against Writ petition filed by the Company
 (Previous year Rs 121.58 lacs).
 
 11.  The Income Tax assessments of the Company have been completed up
 to Assessment Year 2008-09 and there are no pending demands (Previous
 year Nil).
 
 12.  During the year, the Company has allotted 30,00,000 Warrants to
 ''Promoters & Others'' on preferential basis convertible into equal
 number of Equity Shares of Rs 10/- each at a price of Rs 40/- per share
 (pricing determined in accordance with applicable provisions of SEBI
 (ICDR) Regulations, 2009).
 
 During the year, 13,50,000 Warrants (10,50,000 Warrants, outstanding as
 at the beginning of the year, and 3,00,000 Warrants out of the
 aforesaid allotment of 30,00,000 Warrants) have been converted into
 Equity Shares.
 
 13.  Sundry Debtors outstanding for more than six months & considered
 good include Nil (Previous Year Rs 11.40 lacs) for which legal action
 has been taken for recovery.
 
 14.  In view of higher wear and tear, Company has reassessed the useful
 life of Furniture/ Fixtures and Office Equipments at Kanpur Unit and
 charged depreciation thereon at Written Down Value method as against
 hitherto followed Straight Line Method. Consequent upon this change,
 depreciation has been recalculated in accordance with the new method
 from the date of the asset coming into use and deficiency of Rs
 28,68,009/-. On account of such retrospective recalculation has been
 provided during the year. As a result, Profits for the year ended March
 31, 2011 are understated to that extent.
 
 15.  Previous Year figures have been reworked, regrouped, reclassified
 and/or rearranged wherever considered necessary.
 
 I.  Registration Details:
 
 Registration No.  9090
 
 Balance Sheet Date 31.03.2011
 
 State Code 20
 
 II.  Capital Raised During theYear (Amount in Rs Thousands)
 
 Public Issue Nil
 
 Bonus Issue Nil
 
 Rights Issue Nil
 
 Private Placement 13,500
 
 III.  Position of Mobilisation and Deployment of Funds (Amount in Rs
 Thousands)
 
 Total Liabilities 1,687,897
 
 Total Assets 1,687,897
 
 Source of Funds:
 
 Paid-up Capital 1,81,700
 
 Secured Loans 6,16,146
 
 Equity Share Warrants 27,000
 
 Reserves and Surplus 4,04,221
 
 Unsecured Loans 1,82,662
 
 Deferred Tax Liability 43,579
 
 Application of Funds:
 
 Net Fixed Assets 9,44,296
 
 Net Current Assets 5,11,012
 
 Accumulated Losses Nil
 
 Investments Nil
 
 Miscellaneous Expenses Nil
 
 IV.  Performance of Company (Amount in Rs Thousands)
 
 Turnover 29,12,896
 
 Profit before Tax 2,00,527
 
 Basic EPS (in Rs) 12.99
 
 Total Expenditure 27,12,369
 
 Profit after Tax 1,80,153
 
 Dividend Rate % 12%
 
 Diluted EPS ( in Rs) 12.06
 
 V.  Generic Names of the Products of the Company
 
 Item Code No. (ITC Code) 540233.00, 540252.00
 
 Product Description Polyester Texturised, Dyed Yarn
 
 Item Code No. (ITC Code) N.A.
 
 Product Description Recycled Polyester Staple Fibre