1. The above results were reviewed by the Audit Committee and thereafter were approved and taken on record by the Board of Directors in their meeting held on April 29, 2009.

2. The Board of Directors have recommended Preference Dividend on 25,00,000 Redeemable Preference Shares (RPS) for the year ended the March 31, 2009 @0.01% p.a on every RPS of Rs. 150 each for the period from the April 01, 2008 to the November 29, 2008 and dividend @ 10% p.a on Rs 16,66,600 RPS of Rs 150/- each for the period from the November 30, 2008 to the March 31, 2009 amounting to Rs 83.81 lac.

3. The Company has demerged its Strategic Investment of 66,00,000 Equity Shares of Rs.10/- each in BMD Pvt Ltd, pursuant to the order of the Hon´ble High Court of Rajasthan at Jodhpur filed with the ROC on March 31, 2009. As per approved Demerger Scheme, the Shareholders of RSWM Ltd shall be allotted 10 Equity Share of Re 1 each of Bhilwara Technical Textiles Ltd for every 4 Equity Shares of Rs 10 each held in the Company on the record date i.e. April 24, 2009.

4. The Company has accounted for the losses amounting to Rs 46 lac computed on Mark to Market basis on all outstanding Foreign Exchange Forward Contracts and PCFC. No Option derivatives were outstanding as on March 31, 2009.

5. During the year, M/s. Cheslind Textiles Ltd and M/s. RSWM International B.V., Netherland remained Subsidiary of the Company and accordingly, the Consolidated Financial Statements are prepared for the year considering the results of Subsidiary Companies along with Company´s Associate, namely Bhilwara Energy Ltd.

6. The figures of the previous year/ period have been regrouped/recast wherever considered necessary.

Arun Churiwal
Managing Director