A.  GENERAL INFORMATION
 
 Ruchi Soya Industries Limited (''the Company'') is a Public Limited
 Company engaged primarily in the business of processing of oil-seeds
 and refining of crude oil for edible use. The Company also produces oil
 meal, food products from soya and value added products from downstream
 and upstream processing. The Company is also engaged in trading in
 various products and generation of power from wind energy. The Company
 has manufacturing plants across India and is listed on the Bombay Stock
 Exchange Limited (BSE) , National Stock Exchange of India Limited (NSE)
 and Delhi Stock Exchange Limited (DSE).
 
 CONTINGENT LIABILITIES AND COMMITMENTS
 (to the extent not provided for)   
                                                            (Rs. in lac)
 
                                          As at              As at
                                       March 31,2012     March 31,2011
 
 A Contingent liabilities
 
 a) Claims against the company 
    not acknowledged as debts                 883.15            906.76
 
 b) Outstanding bank guarantees             4,506.41          4,048.34
 
 c) Outstanding letter of credit                   -             21.64
 
 d) Outstanding corporate gurantees 
    given on behalf of
 
 - Indian Subsidiary.                      36,298.76         29,139.09
 
 - Foreign Subsidiary                       5,130.00                 - 
 
 e) Income tax/Sales tax/Excise/
 Octroi/Custom duty/ESIC/ Electricity
 Duty/demand                               25,401.71         29,267.30 
 disputed
 
 f) Bills discounted                       52,602.59         27,940.53
 
 g) Interest liability , if any, 
 in respect of advance from 
 customers in the event of                  1,830.72                 -
 default.
 
 B Commitments
 
 a) Estimated amount of contracts remaning to be executed on capital
 account 7,401.19 5,724.13 (Net of advances)
 
 b) The Company has provided comfort letters to three banks in
 connection with amounts borrowed by Gemini Edibles and Fats India
 Private Ltd., a subsidiary of the Company pursuant to which the Company
 has agreed to lend support and direction to the operations of the
 Subsidiary and in the event of failure on the part of the said
 Subsidiary to repay the loan or meet its obligation, to ensure that the
 Subsidiary meets its obligations by using their best efforts, good
 office and such other pragmatic measures as may be deemed necessary.
 The maximum amount of support in this regard is to the extent of 50% of
 the sanctioned amount i.e. Rs. 17,900.00 lac (Previous Year Rs. 13,750.00
 lac) or 50% of the amount outstanding as at March 31, 2012 i.e. Rs.
 16,936.63 lac (Previous Year Rs. 11,211.70 lac), whichever is lower. The
 said Subsidiary has not defaulted in repayment of loans or meet its
 obligations as at March 31, 2012.
 
 (c) Extraction is considered as the primary product resulting from the
 solvent extraction process and crude oil as the secondary product.
 While computing segment results, all costs related to solvent
 extraction process are charged to the extraction segment and recovery
 on account of crude oil is credited to the said segment. Credit for
 recovery of crude oil is taken on the basis of average monthly market
 price.
 
 (d) Segment revenue, segment results, segment assets and segment
 liabilities include respective amounts directly identified with the
 segment and also an allocation on reasonable basis of amounts not
 directly identified. The expenses which are not directly relatable to
 the business segments are shown as unallocated corporate cost. Assets
 and liabilities that can not be allocated between the business segments
 are shown as unallocated corporate assets and liabilities respectively.
 
 34 Disclosure of transactions with related parties as required by
 Accounting Standard 18 (AS-18), relating to Related Party Disclosure
 has been given in (iv) below. Related parties as defined under clause 3
 of the Accounting Standard have been identified on the basis of
 representation made by key managerial personnel and information
 available with the Company
 
 Related party relationships
 
 i).  Parties where control exists
 
 Ruchi Worldwide Limited (Subsidiary)
 
 Mrig Trading Private Limited (Subsidiary)
 
 Gemini Edibles & Fats India Private Limited (Subsidiary)
 
 Ruchi Industries Pte. Limited, Singapore (Subsidiary)
 
 Ruchi Ethiopia Holdings Limited, Dubai (Subsidiary)
 
 Ruchi Agri Plantation (Combodia) Pte. Limited (Step-down subsidiary)
 
 Ruchi Agri Trading Pte. Limited, Singapore (Step-down subsidiary) (with
 effect from December 30, 2011)
 
 Ruchi Agri SARL (Madgasker) (Step-down subsidiary) (with effect from
 December 12, 2011)
 
 Ruchi Agri PLC (Step-down subsidiary) (with effect from May 20, 2011)
 
 GHI Energy Private Limited (Associate)
 
 Ruchi Green Energy Private Limited (Associate)
 
 Indian Oil Ruchi Bio Fuels, Limited Liability Partnership
 
 Ruchi Infrastructure Limited 
 
 ii) Key Management Personnel & their relatives
 
 Mr. Dinesh Shahra, Managing Director
 
 Mr. Kailash Shahra, Brother of Managing Director
 
 Mr. Suresh Shahra, Brother of Managing Director
 
 Mr. Santosh Shahra, Brother of Managing Director
 
 Mrs. Abha Devi Shahra, Wife of Managing Director
 
 Mr. Sarvesh Shahra, Son of Managing Director
 
 Ms. Amrita Shahra, Daughter of Managing Director
 
 Mr. Ankesh Shahra, Son of Managing Director
 
 Ms. Amisha Shahra, Daughter of Managing Director
 
 Mr. Ashutosh B Rao, Whole-time Director
 
 Mr. V. K. Jain, Whole-time Director 
 
 iii) Entites where Key Management Personnel or relatives of Key
 Management Personnel have significant influence.
 
 Aaradhya Buildtech Private Limited
 
 Alison Builders & Construction Private Limited
 
 Ankesh Resorts & Hotels Private Limited
 
 Aparaa Buildtech Private Limited
 
 Arav Construction & Developers Private Limited
 
 Archer Construction & Builders Private Limited
 
 Aseem Infracon Private Limited
 
 Avid Constructions Private Limited
 
 Bright Star Buildtech Private Limited
 
 Bright Star Housing Private Limited
 
 Deepti Housing Private Limited
 
 Deepti Properties Private Limited
 
 Delite Ventures Private Limited
 
 Great Eastern Infrastructure Corporation Private Ltd.
 
 High Tech Realties Private Limited
 
 Farm Equity Advisors Private Limited
 
 Farm Venture Advisors Private Limited
 
 ndivar Wellness Private Limited
 
 MahadeoShahra Sukrut Trust
 
 Mahakosh Amusement Private Limited
 
 Mahadeo Shahra & Sons
 
 Mahadeo Shahra & Sons Private Limited
 
 Mangalore Liquid Impex Private Limited
 
 Navaagat Infra tech Private Limited
 
 Navodit Infracon Private Limited
 
 Neha Resorts & Hotels Private Limited
 
 Neha Securities Private Limited
 
 Nibodh Infradevelopers Private Limited
 
 Nirvana Housing Private Limited
 
 Nischit Intratech Private Limited
 
 RSIL Benifnciary Trust
 
 Ruchi Marketrade Private Limited
 
 Ruchi Bio-fuels Private Limited
 
 Ruchi Corporation Limited
 
 Ruchi Multitrade Private Limited
 
 Ruchi Realty Private Limited
 
 Sadashay Construction Private Limited
 
 Saharsh Brokers Private Limited
 
 Sakushal Buildtech Private Limited
 
 Sanchit Buildtech Private Limited
 
 Shahra Brothers Private Limited
 
 Shahra Estate Private Limited
 
 Shahra Sons Private Limited
 
 Shalin Infratech Private Limited
 
 Sharsha Infracon construction and Developers Private Limited
 
 Shiva Foundation (Trust)
 
 Soyumm Marketing Private Limited
 
 Spectra Realties Private Limited
 
 Suramya Infratech Private Limited
 
 Vishal Warehousing Private Limited
 
 2  Changes in accounting policy
 
 The Company has exercised the option provided under paragraph 46A of AS
 11: The Effects of Changes in Foreign Exchange Rates inserted vide
 Notification dated December 29,2011. Conseguently, the exchange
 differences on long term foreign currency monetary items, which were
 until now being recognised in the Statement of Profit and Loss are now
 being dealt with in the following manner:
 
 The exchange difference to the extent it relates to acguisition of
 depreciable asset, is adjusted to the cost of the depreciable asset,
 and depreciated over the balance life of the asset.
 
 In other cases, the exchange difference is accumulated in a Foreign
 Currency Monetary Item Translation Difference Account, and amortised
 over the balance period of such long term asset/ liability
 
 (a) Accordingly , the Company has adjusted the exchange loss of Rs.
 5,367.95 lac in respect of long term foreign currency monetary items
 relating to acguisition of depreciable fixed assets to the cost of
 fixed assets and
 
 (b) Amortised exchange loss relating to long term foreign currency 
 monetary item in other cases over the life of the long term
 liability and included Rs..514.06 lac being the unamortised portion in
 foreign currency monetary item transaction Account (Refer Note 14 and
 20)
 
 On account of the above change in the method of accounting, the profit
 before tax fortheyearis higher byRs. 5,667.29 lac.
 
 3 The Ministry of Corporate Affairs, Government of India, vide General
 Circular No. 2 and 3 dated February 8, 2011 and February 21, 2011
 respectively has granted a general exemption from compliance with
 section 212 of the Companies Act, 1956, subject to fulfillment of
 conditions stipulated in the circular. The Company has satisfied the
 conditions stipulated in the circular and hence is entitled to the
 exemption. Necessary information relating to the subsidiaries has been
 included in the Consolidated Financia Statements.
 
 4 Previous Year Figures:
 
 The financial statements for the year ended March 31,2011 had been
 prepared as per the then applicable, pre-revised Schedule VI to the
 Companies Act, 1956. Conseguentto the notification of Revised Schedule
 VI under the Companies Act, 1956, the financia statements for the year
 ended March 31, 2012 are prepared as per Revised Schedule VI.
 Accordingly, the previous year figures have been reclassified to
 conform to this year''s classification. The figures for the previous
 year have been regrouped wherever necessary to conform to current years
 classification.Further, the figures for previous year include amounts
 related to Sunshine Oleochem Limited from July 1 , 2010 as against
 April 1, 2011 for current year. To that extend the figures for current
 year are not comparable with the previous year.