2. NIL 24000000 Equity Shares representing 1200000 GDRs at US$ 19.25 were allotted out of the issued, subscribed and paid up share capital in (NIL) the year 2011-12. Underlying Equity Shares being Rs.20 per GDR.

3. NIL 3500000 Equity Shares of Rs.l0/-each at a premium of Rs. 50 per share were allotted on preferential basis out of the issued, subscribed (NIL) and paid up share capital in the year 2010-11.

4. NIL 292898 Equity Shares of Rs.l0/-each at a premium of Rs.58 per share were allotted on conversion of 292898 Cumulative Compulsory (NIL) convertible Preference Shares ('CCCPs') out of the issued, subscribed and paid up share capital in the year 2010-11.

5. NIL 1575000 Equity Shares of Rs.l0/-each at a premium of Rs.43/- per share were allotted pursuant to conversion of warrants out of the (NIL) issued, subscribed and paid up share capital in compliance with SEBI(ICDR) Regulations, 2009 in the year 2010-11.

6. 2439573 2439573 Equity shares out of the issued, subscribed and paid up share capital held by subsidiary and associate companies having voting (2423573) rights and eligible for dividend.

7. The company has accounted Capital Subsidy received or to be receivable under TUFF Scheme from Ministry of Textiles, Govt, of India on eligible assets. The company has accounted the same on accrual basis and proposed to amortize in future years as per AS-12 "Government Grants" and AS-10 "Fixed Assets"

8. As per AS-12 "Government Grants" and AS-10 "Fixed Assets", proportionate capital subsidy amounting to Rs. 2607829/- has been written back to Profit & Loss Accounts during the year under head-Other income".

9. (a) Term Loans are secured by equitable mortgage on the entire immovable fixed assets of the company, hypothecation of entire movable plant and machinery and second paripasu charge on the entire current assets located at Plot No.62-63-64 A, Sector 1 and Plot no. A 12-13, SEZ Phase Industrial Area, Pithampur. Term Loan is further secured by pledge of Equity Shares & Corporate Guarantee of Promoter/ associates/ subsidiaries and Others.

(b) Term Loan is secured by Machine and Equipments of Wind Mills at Bavdikheada (Mahuriya), District Sajapur M.P. exclusively With State Bank of India and pledge of Equity Shares of Promoters Others.

(c) All the term loans are further secured by personal guarantee of the Chairman & Managing Director Mr. Sunil Trivedi and Executive Director Mr. Utkarsh Trivedi. -

(d) Vehicle loans are secured by hypothecation of respective vehicles of the Company however no charge has been created with Registrar of Companies as per provision of the companies Act 2013 and rules there on and shall be created in due course of time.

10. The valuation of closing stock of finished goods include excise duty payable of Rs.22947399/- as on 31.03.2015 (Rs.22720991/-as on 31.03.2014).

11. The inventory includes stock of Rs. 10937970/- which represent stock manufacturing at R & D centre of the company.

12. The inventory includes excess inventory of Rs.66894723/-found during the search under the income Tax Act, 1961.

# The Trade Receivable is showing after deducting amount of Rs.173906039/- towards factoring limit on receivable taken from SBI Global Factors Ltd. for Rs. 74021364/- (O/s. as on 31.03.2015) and Canbank Factors Ltd. of Rs. 99884675/- (O/s. as on 31.03.2015). Further the factoring limit from SBI Global Factors Ltd. is secured by FDR worth Rs 2.95 Crores and personal guarantee of Chairman & Managing Director, Mr. SunilTrivedi and Executive Director, Mr. UtkarshTrivedi.

a. # Balance with Scheduled Bank includes Unclaimed dividend of Rs. 14626973/- (Rs. 14982197/-) as on 31.03.2015.

b. *Fixed deposit with Banks include deposits of Rs. 30359379/- (78116118/-) with maturity of more than 12 months.

# There was a major fire accident in the factory premises of the unit named M/s. Tec textile (A 100% EOU Division of the Company) during the year 2009-10. The Company had accounted for losses net of claim received during the year 2012-13. The Company has gone in Arbitration for balance claim of Rs. 48867574/-which is not considered by the Insurance Companies and shown as receivable and consider good being decision of Arbitration is awaited.

*The above amount include advance given to employees of the company amounting to Rs. 5401174/- (Rs. 4618732/-).

#The Company is having consignment stockiest and Del Cedder Agency of Indian Oil Corporation Ltd run in separate Polymer Division.

** The Miscellaneous Income includes cash equivalent to employees benefit expenditure of Rs.3900000/- found unrecorded during the search under the income Tax Act, 1961.

# The Company has a Wind Mill at Bavdikheada (Mahuriya), District Sajapur M.P. During the year it has earned an income of Rs 10580900/-(Rs. 10853658/-) by way of sale of power to MPPKVV. Co. Ltd.

* The Capital Subsidy received to Company against purchase of Fixed Assets in different years is adjusted as per AS-12 "Government Grants" and AS-10 "Fixed Assets". During year company has written back proportionate subsidy amounting to Rs. 2607829/- (Rs. 2607829/-) has been written back to Profit & Loss Accounts.

# Raw Material Consumed includes an amount of Rs. 26306901/- (Rs. 191451/-) and Stores & Spare Parts Consumed includes an amount of Rs. 8958/- (Rs. NIL) for consumption in R & D Center.

13. Includes an amount of Rs. 9357277/-(Rs. 4430783/-) pertaining to the employee expenses incurred on its R&D Center.

14. The Company has adopted revised accounting standard -15 "Employees Benefits" issued by the Institute of Chartered Accountants of India with effect from 1.4.2007 and consequently the transitional excess provisions of gratuity as per the actuary report has been taken in provision. As per accounting standard 15 "Employee benefits "the disclosures as defined in the Accounting Standard are given as under;

(i) Provident Fund: Defined Distribution Plan

All Employees are entitled to Provident Fund Benefits. The amount debited to Profit and Loss Account is Rs 3213265/- (Rs. 2643319/-) during the year.

(ii) Gratuity and Leave Encashment: Definite Benefit Plans

Provisions made as per actuarial valuation.

* The inventory includes excess inventory of Rs.66894723/-found during the search under the Income Tax Act, 1961.

# Other Expenses includes an amount of Rs.553500/- (Rs.128702/-) pertaining to the administrative expenses, Rs. 288612/- (Rs.1232500/-) pertaining to Testing Fees/Certification Fees Expenses and Rs. NIL (Rs.202594/-) pertaining to other manufacturing expenses on its R&D Center.

15. RELATED PARTY DISCLOSURE

The Management has identified the following Companies and Individuals as related parties of the Company for the year ended 31st March 2015 for the purposes of reporting as per AS-18 (Related Party Transaction).

I. Related Party Relationship

Subsidiary Companies M/s Euro Plats Limited

M/sSacos Indigo Private Limited

M/s Neoflex Infracon Limited

M/s Polybase(H.K.) Limited

M/s Poly Logic International Private Limited

M/s Prism Flexible Solutions Private Limited

Group Companies M/s Panam Packers Private Limited

M/s Synergy Education International Private Limited

M/s Vishwkarma Creations Private Limited

M/s Olympian Investors & Traders Private Limited

Key Managerial Personnel Mr. Sunil K. Trivedi

Mr.UtkarshS.Trivedi Mr.PradhumanSharma Ms.JyotiDubey(CFO) Ms. Swati Gangrade (CS)

Relatives of Key Managerial Personnel Ms. Nandita S. Trivedi

Mr. AatmanS. Trivedi Mr. SanjayK. Trivedi

Ms. MaitriU. Trivedi

16. SEGMENT REPORTING

The group operating business is organized and managed separately according to the nature of the product and services provided, with each segment representing a strategic business unit that offers different products and serves different market. The analysis of geographical segment is based on the areas in which major operating division of the group operate.

i. The company has mainly business of manufacture of technical textiles. The company has another division namely Polymer Division in which consignment stockiest and Del Cedder agency of Indian Oil Corporation Ltd is operated. The company has also set-up Wind Mill at Bavdikheada (Mahuriya), District Sajapur M.P for power generation. There are no other business segment reportable other than these, as per Accounting Standard AS-17. The of details are as under:

ii. The Company has two reportable segment on basis of geographical segment, one is domestic sales and another is overseas sales. There is no other separate reportable geographical egment other than this, as per AccountingStandardAS-17.

17. The Company has a SEZ Division namely M/s. Geotech Worldwide in which company has exemption of Income Tax however provision of MAT is applicable on this division. Other divisions i.e DTA Division, 100% EOU Division and Polymer Division are covered under normal provision of the IT. Act. The higher of Normal Tax Liability and MAT Tax Liability is provided in the Books of Accounts.

18. In respect to the Accounting Standard AS-19 pertaining to "Lease", issued by the ICAI which is mandatory with effect from 1st Apr 2001 and as applicable to all the leased assets for which the lease commences on or after 1st Apr 2001, the company did not have any operating lease during the year 2014-15. However, yearly lease rentals are charged directly to the profit & loss account with reference to the term of lease.

19. Estimated amount of contracts remaining to be executed on capital account is Rs. 515000000/- (Pre. Year Rs.550000000/-).

20. In the opinion of the management and to the best of their knowledge and belief the value of realization of current assets, Loans and advances in the ordinary course of business will not bless than the amount at which they are stated in the balance sheet.

21. Debit and Credit balance are subject to confirmation

22. Figure has been rounded off to the nearest rupees.

23. Figures of the previous year have been re-grouped/re-arranged/re-classified wherever necessary to the facilitate comparison.

1. Names of subsidiary which are yet to commence operations: Polybasic (H.K.) Limited, Prism Flexible Solutions Private Limited

2. Names of subsidiary which have been liquidated or sold during the year: NIL

3. Exchange Rate used in case of foreign subsidiaries:

For Polybasic (H.K.) Limited: 1HKD = 8.039 INR

For Euro last Limited: Share Capital, Reserve & Surplus, Total Assets, Total Liabilities and Investments at exchange rate as on 31.03.15:1 GBP = 92.55 INR

Turnover, Profit before tax, Provision for taxation and Profit after tax at annual average exchange rate: 1 GBP = 98.58 INR

4. Part B of the Annexure is not applicable as there are no associate companies/joint ventures of the Company as on 31st March, 2015