The Members of
 
 Jindal Worldwide Ltd.
 
 Ahmedabad
 
 The Directors have great pleasure in presenting the Twenty Fifth
 Annual Report along with the Audited Accounts of the company for the
 Year ended on 31st March, 2011.
 
 FINANCIAL PERFORMANCE:                                  (Rs. in lacs)
 
 Particulars                2010-11     2009-10     2010-11     2009-10
 
                                                  Consolida
                                                       -ted   Consolida
                                                                   -ted
 
 Net Sales/Income from 
 operation                 36685.16    29080.82    36685.16    29080.82
 
 Other Income                546.07      375.40      562.15      383.14
 
 Increase/(Decrease) 
 in stock                    502.39     -521.58      502.39     -521.58
 
 Total Expenditure         34119.25    26533.34    34122.19    26536.76
 
 Financial Charges          1225.67      881.66     1236.03      881.66
 
 Gross Operating 
 Profit Before              2388.69     1519.61     2391.48     1523.95
 Depreciation and Taxation
 
 Depreciation                483.79      435.87      483.79      435.87
 
 Provision for Taxation/FBT/ 555.75      351.32      556.61      352.67 
 Deferred Tax
 
 Liabilities
 
 Net Profit                 1349.15      732.45     1351.08      735.44
 
 Prior period Adjustment       2.86       -9.43        2.86       -9.43
 
 Tax Adjustment for 
 earlier years              - 22.41      - 5.67     - 22.41      - 5.67
 
 Profit Carried Forward     6255.96     5043.64     6260.58     5043.64
 
 Interim Dividend                 0       50.13           0       50.13
 
 Proposed Dividend           100.26       150.4      100.26       150.4
 
 Proposed Dividend Tax        17.04       34.08       17.04       34.08
 
 Profit Brought Forward     5043.65     4560.90     5046.35     4560.62
 
 Transfer to Balance Sheet  6255.96     5043.65     6260.58     5046.35
 
 OPERATION AND FUTURE OUT LOOK:
 
 The Gross Turnover of the Company during the year was Rs. 36685.16 as
 compared to that of previous year which was 29080.82 Lacs.Gross Profit
 before Depreciation & Tax of the company was placed at Rs.2388.69 Lacs
 , which is higher as compared to last year which was Rs. 1519.61 Lacs.
 Whereas after depreciation and taxes, the Company registered a profit
 of Rs. 1349.15 Lacs.
 
 Consolidated Turnover of the Company grew to Rs. 36685.16 from Rs.
 29080.82 Lacs (Previous Year) in this financial year.
 
 DIVIDEND:
 
 Your Directors have recommended a dividend of Rs.0.50 Paisa per Equity
 Share of Rs.10/- each equivalent to 5% (five percent) on the paid up
 Equity Share capital of the company for the financial year ended on
 31st March, 2011,amounting to Rs. 10026020/-.The dividend will be paid
 when declared by the shareholders in accordance with the company law.
 The Dividend will be paid to members whose names appear in the Register
 of Members as on 26th Sep., 2011.The dividend will be free of tax in
 the hand of shareholder however, the company will have to pay dividend
 distribution tax @ 15% plus applicable surcharge and education cess,
 aggregating to about 17% on the dividend amount so distributed.
 
 BUSINESS PROSPECTS :
 
 Your Company is recognized as one of the major player in HOME Textile
 Segment in the global market. With the economy on the upswing, the
 outlook for the industry looks good. Your directors are optimistic of
 capturing further market share by expanding capacities of the company.
 
 EXPANSION CUM DIVERSIFICATION PLANS :
 
 The Company strives to maintain its market share by aggressively
 concentrating on new avenues and is geared up to meet opportunities for
 growth in market.
 
 The group has diversified into various activities such as Textiles and
 Trading of securities. They demonstrate ability to manage well
 diversified business using professional management and financial
 acumen.
 
 Your directors are pleased to inform you that the company is in process
 of expansion cum diversification of its activities.
 
 PUBLIC DEPOSITS:
 
 During the year, your Company has not accepted any deposits u/s 58A of
 the Companies Act, 1956 from the Public.
 
 CONSOLIDATED FINANCIAL STATEMENT:
 
 The audited Consolidated Financial Statements are provided in the
 Annual Report.
 
 SUBSIDIARIES :
 
 In accordance with the general circular issued by Ministry of Corporate
 Affairs, Government of India, the Balance Sheet, Profit & Loss Accounts
 and other documents of the subsidiary companies are not being attached
 with the Balance Sheet of the Company. The Company will make available
 the Annual Accounts of the subsidiary companies and the related
 detailed information to any members of the Company who may be
 interested in obtaining the same.  The Annual Accounts of the
 subsidiary companies will also be kept open for inspection at the
 registered office of the Company.
 
 The consolidated financial statements presented by the Company include
 the financial results of its subsidiary companies.
 
 DIRECTORS:
 
 Mr. Vikram Oza and Mr. Rajesh Jain, Directors of the company retire by
 rotation and being eligible, offer themselves for re-appointment at the
 ensuing Annual General Meeting.
 
 AUDITORS:
 
 - Statutory:
 
 M/s. Mehra Anil & Associates Chartered Accountants, Statutory Auditor
 of the Company hold office until the conclusion of the ensuing Annual
 General Meeting and are eligible for reappointment.
 
 The Company has received letter from them to the effect that their
 reappointment, if made would be within the prescribed limits under
 Section 224 (1B) of the Companies Act 1956 and they are not
 disqualified for the reappointment within the meaning of section 226 of
 the Companies Act.
 
 - Branch:
 
 M/s. B.A. Bedawala & Co., Chartered Accountants, Ahmedabad, retires at
 the ensuing Annual General Meeting and offers themselves to be
 appointed as Auditors of Divisions and Branches of the company and who
 shall hold the office until the conclusion of next Annual General
 Meeting.
 
 AUDITOR''S REPORT:
 
 In the opinion of the Directors, the Notes to the Accounts are
 self-explanatory and adequately explain the matters, which are dealt
 with in the Auditors'' Report and therefore, need not require any
 further comments under section 217 of the Companies Act, 1956.
 
 AUDIT COMMITTEE:
 
 Audit Committee has been constituted in terms of Listing agreement and
 Section 292A of the Companies Act, 1956. Constitution and other details
 of audit committee are given in Report on Corporate governance in
 this annual report.
 
 PARTICULARS OF EMPLOYEE:
 
 The Company does not have any employees whose salary exceeds the limits
 prescribed u/s 217 (2A) of the Companies Act, 1956. Hence information
 required to be given under the said section read with Companies
 (Particulars of Employees) Rule, 1975 as amended has not been provided
 in this report.
 
 PARTICULARS WITH RESPECT TO CONSERVATION OF ENERGY ETC.:
 
 Conservation of Energy, Technology Absorption and Foreign Exchange
 Earning and Outgo:
 
 The details of Conservation of energy, Technology Absorption and
 Foreign Exchange Earning and Outgo as per section 217 (1) (e) read with
 Companies (Disclosure of particulars in the report of Board of
 Directors) Rules 1988 is given in the Annexure I and forms part of this
 report.
 
 DIRECTORS RESPONSIBILITY STATEMENT :
 
 In compliance of section 217(2AA) of Companies Act, 1956, your
 directors confirm that:
 
 (a) The Company has followed the applicable standards in the
 preparation of the Annual Accounts and there had been no material
 departure.
 
 (b) Directors had selected the accounting policies and applied them
 consistently and made judgments and estimates that are reasonable and
 prudent so as to give a true and fair view of the state of affairs of
 the Company at the end of the financial year and of the profit or loss
 of the company for the aforesaid period.
 
 (c) The Directors have taken proper and sufficient care for maintenance
 of adequate accounting records in accordance with the provisions of the
 Companies Act, 1956 for safeguarding the assets of the Company and for
 preventing and detecting fraud and other irregularities.
 
 (d) The Directors have prepared the Annual Accounts on a going concern
 basis.
 
 MANAGEMENT''S DISCUSSION & ANALYSIS :
 
 Management''s Discussion and Analysis report for the year under the
 review, as stipulated under Clause 49 of the Listing Agreement with the
 Stock Exchanges is presented in a separate section forming part of the
 Annual Report.
 
 CORPORATE GOVERNANCE :
 
 Your Company attaches considerable significance to good Corporate
 Governance as an important step towards building investor confidence,
 improving investor''s protection and maximizing long term Shareholder
 values.
 
 A certificate from the auditor of the company regarding compliance with
 the condition of corporate governance as stipulated under Clause 49 of
 the listing agreement is attached to this report.
 
 A report on Corporate Governance as required under Clause 49 of this
 Listing agreement is incorporated as a part of the Annual Report
 (Annexure II)
 
 LISTING AGREEMENT:
 
 The equity Shares of the Company are listed on Ahmedabad Stock Exchange
 Ltd. (ASE), Ahmedabad, National Stock Exchange Ltd. (NSE), Mumbai and
 Bombay Stock Exchange Ltd. (BSE), Mumbai. The Listing fees for all the
 Stock Exchanges have been paid for the current year.
 
 INDUSTRIAL RELATIONS:
 
 During the year, your Company maintained harmonious and cordial
 Industrial Relations
 
 ACKNOWLEDGEMENT:
 
 Your Directors would like to express their grateful appreciation for
 the continuous assistance and co-operation from the Financial
 Institutions, Banks, Government authorities, Customers, Vendors and
 Shareholders. Your Directors also wish to place on record their deep
 sense of appreciation for the committed and dedicated services of the
 Executives, staff and workers of the company and other Business
 Associates for their continued co-operation and patronage.
 
                          For and on behalf of the Board of Directors
 
 Place: Ahmedabad.
 
 Date : 30th May, 2011                         Dr. Yamunadutt Agrawal
 
                                                             Chairman