1.1 Contingent liabilities
 
 (i) Claims against the company not 
 acknowledged  as debts                        1,55,39,608  1,18,86,816
 
 (ii) Bills discounted with banks                33,99,369          Nil
 
 Out flow relating to above not practicable to indicate in view of the
 uncertainties involved
 
 1.2 Segment information
 
 The company''s primary segment is identified as business segment based
 on nature of products, risks, return and the internal business
 reporting system (i.e. cotton yarn) and operates in a single
 geographical segment as per Accounting Standard 17.
 
 1.3 The land and buildings of the company were revalued as on March 31,
 2009 by an external valuer on the basis of estimated market value in
 the case of land and estimated depreciated replacement cost in the case
 of buildings. The resulting net surplus on such revaluation aggregating
 Rs.23,09,00,807 has been credited to revaluation reserve.
 
 1.4 The information 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 on the basis of information
 available with the company. There are no overdues to parties on account
 of principal amount and/or interest and accordingly no additional
 disclosures have been made; and (ii) There are no amounts remaining
 unpaid or unclaimed for a period of seven years in respect of unpaid
 dividend, matured fixed deposits and interest thereon from the date
 they became payable by the company and hence there are no amounts
 remaining to be credited to the Investor Education and Protection Fund.
 
 1.5 Derivatives - The company uses derivative financial instruments
 such as forward contracts and option to hedge certain currency
 exposures, present and anticipated, denominated mostly in US dollars,
 Euro and Swiss Franks. Generally such contracts are taken for exposures
 materializing in the next six months. The company actively manages its
 currency rate exposures and uses these derivatives to mitigate the risk
 from such exposures. The company has hedged exposure of US $ Nil (March
 31, 2011 US $ 13,33,679) as at March 31, 2012 and has a net unheeded
 exposure of US $ Nil (March 31, 2011 US,314).
 
 1.6 Raw material consumed - others include consumption of yarn for
 manufacture of double yarn.
 
 1.7 Power and fuel are (i) net of value of power generated by Wind
 energy converters Rs.6,71,09,012 (2010-11 Rs.7,87,02,413); (ii) net of
 income by way of carbon credit of Rs.Nil (2010-11 Rs.48,99,288); and
 (ii) after reckoning the reversal of carbon credit accrued in prior
 years of Rs.48,99,288 (2010-11 Rs. 1,53,97,192), as a measure of
 abundant caution, due to (a) rejection of claim for the credit by
 concerned sanctioning authorities and (b) inordinate delay in issue of
 validation report even after completion of inspection and
 documentation.
 
 1.8 Human resources - Particulars of managerial remuneration (i) To
 Managing Director - Salary Rs.21,60,000 (2010-11 Rs.21,60,000),
 Perquisites Rs.14,40,000 (2010-11 Rs. 14,40,000); and (ii) To Joint
 Managing Director - Salary Rs.14,40,000 (2010-11 Rs. 14,40,000),
 Perquisites Rs.9,60,000 (2010-11 Rs.9,60,000).
 
 1.10 Depreciation/amortisation - (i) Amortised cenvat credit of Rs.Nil
 (2010-11 Rs.7,94,829) deducted from capital reserve has been netted
 against the depreciation charge relating to the concerned plant and
 machinery; and (ii) Depreciation for the year computed on revalued
 assets includes a charge of Rs.28,89,247 (2010-11 Rs.28,89,247) being
 the excess depreciation computed by the method followed by the company
 prior to revaluation and the same has been transferred from Revaluation
 reserve to the Profit and Loss account.
 
 1.11 During the year ended March 31, 2012, the revised Schedule VI
 notified under the Companies Act, 1956, has become applicable to the
 Company, for preparation and presentation of its financial statements.
 Accordingly the Company has reclassified/ regrouped/amended the
 previous year''s figures in accordance with the requirements applicable
 in the current year.