1.  In accordance with the Accounting Standard (As -28 ) on 
 Impairment of Assets As notified by Companies (Accounting Standards)
 Rules 2006, the management during the year carried out an exercise of
 identifying the assets that may have been impaired in respect of each
 cash generating unit in accordance with the said Accounting Standard .
 On the basis of this review carried out by the management, there was no
 impairment toss on Fixed Assets during the year ended 31st March, 2011.
 
 2.  As approved by the shareholders at their meeting held on 5th March,
 2010, during the year 52,90,471 Eguity Shares of Rs. 10 each fully paid
 up at a premium of Rs. 147.15 per share have been alloted to Qualified
 Institutional Buyers. Net issue proceed received has been fully
 utilised towards additiona working capital and investments in
 subsidiary company.
 
 3.  Advances recoverable in cash or m kind or for value to be received
 includes Rs. NIL (Previous Year Rs. Nil Crores) due from a firm in
 which one of the Directors'' is interested as a partner. The maximum
 amount outstanding at any time during the year was Rs. Nil crores (
 Previous Year Rs. 0.60 Crores)
 
 4. In the opinion of the management, the company is engaged only in
 the business of producing polyester based products. As such, there are
 no separate reportable segments,
 
 5. In the opinion of the Management, the Current Assets, Loans and
 Advances are approximately of the value stated if realised in the
 ordinary course of business.
 
 6. Income Tax Assessment of the Company has been completed up to the
 accounting year ended on 31st March 2008.
 
 7. Employee Stock Option Scheme:-
 
 i. The Employee Stock Option Scheme,2009 ( JBF ESOS 2009) was
 introduced and implemented during the year 2009-10 as approved by the
 shareholders at the Annual General Meeting held on 25th September,2009.
 The Company has reserved issuance of 21,78,486 Equity Shares of Rs.
 10/- each for offering to eligible employees of the Company.
 
 ii. On 25th September, 2009 the Company has granted 21,54,000 Options
 convertible into Equity Shares of Rs. 10 each to 298 employees. The
 Exercise Price of the Options was fixed at Rs. 60 each for conversion
 in to one Equity Share of the Company. Out of above Options 70,784
 (Previous Year 1,81,800) Options have been Lapsed during the year
 2010-11.
 
 iii. During the year the Company has further granted 45,000 Options
 convertible into Equity Shares of Rs. 10 each to 4 employees. The
 Exercise Price of the Options was fixed at Rs. 60 each for conversion
 in to one Equity Share of the Company.
 
 v.  All the Options granted till date have an exercise period of Twenty
 Four months from the date of their vesting.
 
 vi. The Company applies intrinsic- value method of accounting for
 determining Employee Compensation Expenses for its ESOS. Had the
 Employee Compensation
 
 8. As at 31 st March 2011, the company has invested Rs. 1.76 Crores
 (Previous year Rs. 1.46 Crores) to HDFC Asset Management company
 Limited (the Portfolio Manager) for providing Discretionary Portfolio
 Management Services which is in the nature of investment administrative
 management services and include the responsibility to manage .invest
 and operate the assets under the HDFC AMC PMS -Real Estate Portfolio -1
 (Real Estate Portfolio), as per the agreement dated 1st January,2008
 .The securities representing the outstanding balance of Rs. 1.76 crores 
 as at 31st March, 2011 (Previous year Rs. 1.28 crores) have been 
 accounted as investment in schedule  F.
 
 9.Previous year''s figures have been reworked/ regrouped/ rearranged
 and reclassified wherever necessary. Amount and other disclosures for
 the preceding year are included as an integral part of the current year
 financial statements and are to be read in relation to the amount and
 other disclosures relating to the current year.