1.  Estimated amount of contracts remaining to be executed on capital
 account and are not provided for (net of advances): Nil (Previous year
 Nil).
 
 2.  Contingent Liabilities not provided for in respect of disputed
 demands for taxes, duties and other claims not acknowledged as debts :
 Nil ( Previous year Nil)
 
 3.  (i) The amount of foreign exchange difference(net) included in the
 Net Profit for the year amounts to Rs. 162.52 lacs gain (Previous year
 Rs. 12.72 lacs gain). This includes gain on account of export Rs.
 129.85 lacs ( previous year Rs. 40.73 lacs loss) and on account of
 import Rs. 32.67 lacs (Previous year Rs.53.45 lacs gain) as shown in
 Schedule 18.
 
 (ii) Outstanding Forward Contracts (not in the nature of derivatives)
 as on 31st March 2011 which were entered into for hedging exchange risk
 arising from foreign currency fluctuations related to highly probable
 future transactions amount to US$ 47.22 Lacs (Previous year US$ 44.24
 Lacs) at average Exchange Rate of Rs.47.41/US$ (Previous year Rs
 47.16/US$) and Euro 1.21 Lacs (Previous year NIL) at an average
 Exchange rate of Rs.63.39/Euro.  The period covered under these
 contracts spreads over April 2011 to March 2012 (Previous year April,
 2010 to March, 2011). The average Exchange Rate applicable for above
 period based on exchange rate on 31.03.2011 works out to Rs.46.26/US$
 (previous year Rs.45.90/US$) and Rs.63.91/Euro, resulting a notional
 profit of Rs.53.44 Lacs (Previous year notional profit of Rs 55.88
 Lacs).
 
 4.  In the opinion of the Board, the current assets, loans and advances
 have a value on realization in the ordinary course of business at least
 equal to the amount at which they are stated.
 
 5.  Balance of certain creditors, debtors, loans, advances given and
 certain non-operative bank accounts are subject to confirmation and
 reconciliation, if any. However in the opinion of management, there
 would not be any material impact on financial statements.
 
 6.  Interest on others in Schedule 19 is net of interest income of Rs.
 22.09 Lacs (Previous year Rs. 12.14 Lacs), Tax Deducted at Source
 thereon Rs.2.28 Lacs (Previous year Rs. 2.40 Lacs).
 
 7. In terms of Accounting Standard - 17, the Company operates
 materially only in one business Segment viz., Textile Industry and have
 its production facilities and all other assets located within India.
 Sales to external customers comprise outside India sales of Rs.8491.26
 Lacs (Previous year Rs. 5834.10 Lacs) and within India sale of
 Rs.6384.09 Lacs (Previous yearRs. 6200.78 Lacs).
 
 8.  Disclosure in respect of Companys interest in Joint Venture in
 India pursuant to Accounting Standard 27: Financial Reporting of
 Interest in Joint Ventures:
 
                             As at 31.03.2011   As at 31.03.2010
 
 Contingent Liabilities                 67.87             338.88
 
 9.  Disclosure in respect of related parties pursuant to Accounting
 Standard 18:
 
 (A) List of related parties:
 
 (As identified by the Management)
 
 Related parties with whom company entered into transactions during the
 period :
 
 i) JOINT VENTURES
 
 Patspin India Limited 
 
 ii) ASSOCIATES
 
 GTN Enterprises Limited
 
 iii) KEY MANAGEMENT PERSONNEL AND ENTERPRISES (HAVING COMMON KEY
 MANAGEMENT PERSONNEL OR THEIR RELATIVES)
 
 Enterprises/Entities having common Key Management Personnel
 
 Yarn Syndicate Limited 
 
 Purav Trading Company.
 
 Key Management Personnel
 
 Shri. Binod Kumar Patodia - Chairman & Managing Director
 
 Relatives of Key Management Personnel
 
 Smt. Prabha Patodia, Wife of Shri B.K Patodia 
 
 Smt. Mala Patodia, Daughter In Law of Shri B.K. Patodia
 
 Smt. Swati Patodia, Daughter In Law of Shri. B.K Patodia 
 
 Kum. Aanavi Patodia, Grand Daughter of Shri B.K. Patodia 
 
 Master. Arnav Patodia, Grand Son of Shri B.K. Patodia
 
 Kum. Annaya Patodia, Grand Daughter of Shri B.K. Patodia
 
 (d) Details of Material Transactions with Related Party
 
 (a) Sale of cotton to Patspin India Limited Rs.1104.61 Lacs (Previous
 year Rs. 1932.16 Lacs), Sale of yarn to Patspin India Limited Rs.352.69
 Lacs (Previous year Rs. 404.82 Lacs), Processing Charges received from
 Patspin India Limited Rs. 32.64 Lacs (Previous year Rs.28.09 Lacs),
 Rent received from Patspin India Limited Rs. 1.32 Lacs (Previous year
 Rs.1.32 Lacs), Sale of store item to Patspin India Limited Rs Nil
 (Previous year. Rs 0.76 Lacs), Sale of focus market license to Patspin
 India Limited Rs 7.26 Lacs (Previous year. Nil) Sale of cotton to GTN
 Enterprises Limited Rs. 279.93 lacs (Previous year Rs. 1101.35 Lacs),
 Sale of yarn to GTN Enterprises Limited Rs. 387.22 Lacs (Previous year
 Rs. 329.69 Lacs),Sale of machinery to GTN Enterprises Limited Rs.41.63
 Lacs (Previous year Rs. Nil), Sale of store item to GTN Enterprises
 Limited Rs. Nil (Previous year Rs. 0.78 Lacs), Processing Charges
 received from GTN Enterprises Limited Rs. 16.74 Lacs (Previous year Rs.
 12.63 Lacs), Rent received from GTN Enterprises Limited Rs. 1.20 Lacs
 (Previous year Rs. 1.20 Lacs), sale of focus market license to GTN
 Enterprises Limited Rs 2.01 Lacs (Previous year Rs Nil), Sale of yarn
 to Yarn Syndicate Ltd. Rs. Nil (Previous year Rs 0.51 lacs.) Loans
 taken from Kum. Anavi Patodia Rs. 2.30 Lacs (Previous year Rs. Nil) and
 Kum. Annaya Patodia Rs. Nil (Previous year Rs. 4.80 Lacs).
 
 (b) Purchase of cotton from Patspin India Limited Rs. 102.98 Lacs
 (Previous year Rs. 1585.21 Lacs) Purchase of yarn from Patspin India
 Limited Rs. 383.86 Lacs (Previous year Rs. 668.55 Lacs), Processing
 Charges paid to Patspin India Limited Rs. 80.36 Lacs (Previous year Rs.
 4.47 Lacs), Rent paid to Patspin India Limited Rs. 2.15 Lacs (Previous
 year Rs. Nil), Purchase of cotton from GTN Enterprises Limited Rs.
 280.15 Lacs (Previous year Rs. 494.31 Lacs), Purchase of yarn from GTN
 Enterprises Limited Rs. 579.98 Lacs (Previous year Rs. 311.48 Lacs),
 Process charges paid to GTN Enterprises Limited Rs. 109.13 Lacs
 (Previous year Rs.119.88 Lacs), Commission paid to Purav Trading Co.
 Rs. Nil (Previous year Rs 3.26 Lacs) and rent paid to Mrs.Prabha
 Patodia Rs. 1.80 Lacs (Previous year Rs. 1.80 Lacs), Mrs.Swati Patodia
 Rs. 0.90 Lacs (Previous year Rs.0.88 Lacs) and Mrs. Mala Patodia Rs.
 0.90 Lacs ( Previous year Rs. 0.92 lacs) Interest paid to Kum. Anavi
 Patodia Rs. 0.14 Lacs (Previous year Rs. 0.32 Lacs), Master Arnav
 Patodia Rs. 0.17 Lacs (Previous year Rs. 0.17 Lacs) and Kum. Annaya
 Patodia Rs. 0.36 Lacs (Previous year Rs. 0.45 Lacs) Loans repaid to
 Kum. Anavi Patodia Rs. 5.20 Lacs (Previous year Rs Nil), Master Arnav
 Patodia Rs. 1.50 Lacs (Previous year Rs. Nil.) and Kum. Annaya Patodia
 Rs. Nil (Previous year Rs 4.80
 
 9.  Previous year figures have been regrouped and rearranged wherever
 necessary so as to make them comparable with those of the current year.