1.  Details of Default in repayment of loans and interest in respect of
 the followings:
 
 (a) Amount of Long- Term Borrowings outstanding as on 31/03/2012:
 
 i  SVC Term Loan - Amounting Rs. 0.38 Crores
 
 ii) Public Deposits-Amounting to Rs. 0.75 Crores
 
 (b) Amount of Short-Term Borrowings outstanding as on 31/03/2012:
 
 i) SVC Loan(C/C)-AmountingRs.2.11Crores
 
 ii) KVB Loan (C/C) - Amounting Rs.2.13 Crores
 
 iii IFCI Factors (Bill Discounting)-Amounting Rs.12.02 Crores
 
 iv) SICOM (Bill Discounting) - Amounting Rs.11.61 Crores
 
 vi SIDBI (Bill Discounting) - Amounting Rs. 3.08 Crores
 
 vi) inter-Corporate Deposit-Amounting Rs. 1.91 Crores
 
 2.  The Shareholder of the Company on June 4, 2012 has approved the GDR
 issue upto 20 million USD or equivalent Indian rupee. On July 26, 2012
 the Board of the Directors of the Company has approved and allotted
 3,50,00,000 Equity Shares of Rs. 10/- each at a premium of Rs. 2.40/-
 i.e.@ Rs.12.40/-, underlying 7,00,000 GDR''s. The Company has also
 received In - Principal listing approval from Bombay Stock Exchange
 Limited and National Stock Exchange Limited. The Securities underlying
 GDR does not have voting rights, until they are converted into Equity
 Shares of the Company.
 
 3.  The balance of sundry debtors, Creditors, Loans & advances are
 subject to their confirmation and reconciliation if any Bank balance 
 subject to cheques on hand realization.
 
 4.  The Company has not received any intimation from suppliers
 regarding their status under micro, Small and Medium Enterprises
 Development Act,2006 and hence disclosure if any in relation to amount
 unpaid as at the year end as required under the said Act have not been
 furnished.
 
 5.  Segment Reporting:
 
 As the Company''s business activity falls within a single primary
 business segment Edible Oil & Cakes the disclosure requirement of
 Accounting Standard (AS) 17 Segment Reporting are not applicable.
 
 6.  Advances to Employees under Short term Loan &Advance head in
 the balance - sheet includes loan to staff of the Company amounting to
 Rs.0.02 Crores (Previous Year: Rs. 0.04 Crores).
 
 7.  In the opinion of the Board, current assets, loans and advances
 have a value at least equal to the amounts at which they are stated in
 the Balance Sheet, if realized in ordinary course of business.
 
 Since no commission is payable during the year, computation of net
 profit under Section 198 of the Companies Act, 1956 has not been
 computed for the year.
 
 8.  As per accounting standard -22, issued by the Institute of
 Chartered Accountants of India, the Deferred Tax Liability of Rs. 1.90
 Crores (Rs.5.64 Crores) has been recognized in the Profit & Loss
 Account. The Deferred Tax Liability arises mainly due to the timing
 difference of depreciation claimed as per the books of account and the
 depreciation claimed under the Income tax Act, 1961.
 
 9.  Earnings Per Share.
 
 As required by Statement of Accounting Standard (AS) - 20 Earning Per
 Share, reconciliation of basic and diluted number of Equity shares
 used in computing Earnings Per Share is as follows:
 
 10.  Public Deposit Accepted:
 
 During the period Company has accepted fixed deposit from the public
 under the provision of Section 58A and 58AA or any relevant provision
 of the companies Act, 1956 and the Companies (Acceptance of Deposits)
 Rules, 1975.
 
 11. There are no dues payable to the Investor Education and Protection
 Fund as at 31st March 2012.
 
 12.  EMPLOYEE BENEFITS:
 
 Disclosures pursuant to Accounting Standard -15 (Revised) Employee
 Benefits
 
 (i) The company has recognized as an expenses in the profit and loss
 account as per Acturial Valuation in respect of defined contribution
 plan Rs. 0.10 Crores administered by the Government.
 
 (ii) Defined benefit plan and long term employment benefit:
 
 A General description:
 
 Gratuity [Defined benefit plan]:
 
 The Company has a defined benefit gratuity plan. Every employee who has
 completed five years or more of service is eligible for gratuity.
 Gratuity is computed based on 15 days salary [last drawn salary] for
 each completed year of service. The scheme is funded with an insurance
 company in the form of qualifying insurance policy.
 
 13.  Contingent Liabilities
 
 (a) Excise
 
 Raj Oil Mills Ltd. Manufactures and markets pure coconut oil under the
 brands of Cocoraj, Cocotoss. Such Coconut Oil (CO) is a 100% natural
 product and meets all standards of edible oil as given in the
 Prevention of Food Adulteration Act.  CO is currently classified under
 Excise as a vegetable oil under chapter 15 and attracts Excise at zero
 rate. CO classified under chapter 15 as vegetable oil has been
 vindicated by the decision of Appleate Tribunal on various occasions.
 However the Central Board Of Excise and Custom has recently issued
 instruction vide circular No.890/10/2009-CX dated 3rd June 2009 where
 in it has classified coconut oil packed in the container size upto
 200ml as hair oil there by attracting Excise duty at applicable rates.
 The company has filled writ petition no. 1600J2009 with the Bombay High
 Court, Mumbai for interim relief hearing is pending for final disposal.
 The Honourable High Court vide order dated August 27, 2009 granted
 inteirm relief subjet to certain conditions and restrained the
 department of Central Excise from recovering Central Excise. The
 company has received show cause notice dated March 15,2010 from the
 office of the Commissioner of Central Excise, Thane, for Rs. 10.42
 crores plus interest and penalty. The company has filed reply to the
 Department on 15th October 2010. The Comissioner of Central Excise,
 Thane, has passed an Order and issued Order in Original along with the
 demand note for the said amount. The Company has filled an Apeal
 against the said Order with the Central Excise and Custom and Service
 Tax Apellate Tribunal (CESTAT).
 
 (b) Income Tax
 
 The Deputy Commissioner of Income Tax, Mumbai has passed an order u/s
 221(1) of Income Tax Act for Assessment Year 2008-09 and levied penalty
 of Rs0.34 Crores. The company has preferred an appeal against the said
 order before the Income Tax Apellate Tribunal, Mumbai and the case is
 pending. The Company has been legally adviced that the demand is likely
 to be deleted or substantially reduced and accordingly no provision has
 been made.
 
 The Additional Comissioner of Income Tax, Mumbai has passed an order
 u/s 143 (3) of Income Tax Act for the Assessment Year 2008-09 and
 issued Notice of Demand u/s 156 of Income Tax Act, 1961 for sum of
 Rs.l.26 Crores. The company has preferred an appeal against the said
 order before the Commissioner Appeals Income Tax, Mumbai and the case
 is pending.
 
 (c) Sales Tax
 
 The Assistant Commisioner of Sales Tax Investigation Branch, Mumbai has
 demanded a sum of Rs.l.52 Crores. The case is pending before the
 Assistant Commissioner of Sales Tax(lnvestigation), Mumbai.
 
 (d) Estimated amount of contracts remaining to be executed on capital
 account and not provided for Rs.8.95 Crores (Previous Year 6.29
 Crores).
 
 14 Related Party Transactions
 
 Parties are considered to be related if at any time during the year,
 one party has the ability to control the other party or to exercise
 significant influence over the other party in making financial and/or
 operating decision. As required by Accounting Statndard (AS) -18
 Related Party Disclosure issued by The Insitute of Chartered
 Accountants of India, information in this respect is as follows:
 
 I.  Individual(s) having control with relatives and associate:
 
 Mr. Shaukat S. Tharadra 
 Mrs. Shahida S. Tharadra
 
 Company has paid Rs.0.89 crores (Previous Period Rs.0.96 crores) to Mr.
 Shaukat S. Tharadra, as Rent for registered office building admeasuring
 approximate 8950 Sq. Ft. of the carpet area at 224, Bellasis Road,
 Mumbai taken on perpetual sub-tenancy basis vide agreement dated 1st
 October 2007.
 
 15 The financial statements for the year ended 31st March, 2011 had
 been prepared as per the then applicable, Pre- Revised Schedule-VI to
 the Companies Act,1956. Consequent to the notification under the
 Companies Act,1956, the financial statements for the year ended 31st
 March, 2012 are prepared under revised Schedule VI. Accordingly, the
 previous year figures have also been reclassified to confirm to this
 year''s classification.
 
 16 Particular of Balance Sheet abstract and the Company General
 Business Profile, Pursuant to Part IV of Schedule VI of the Companies
 Act, 1956 is attached herewith.