The company is engaged in the business of manufacturing of cotton yarn and is also engaged in hospitality business. The cotton yarn manufacturing unit is situated at Tamalwadi, Taluka Tuljapur District Osmanabad. It's Hotel viz. Hotel Tripursundari is situated at Civil Lines, Solapur.

2. Segment Reporting:

The company operates in two segments viz. Spinning Mill segment and Hotel segment.

Contingent Liabilities:

A provision is recognized when the company has a present obligation as a result of past events and it is probable that an outflow of resources will be required to settle the obligation in respect of which a reliable estimate can be made. Provisions (excluding retirement benefits) are not discounted to their present value and are determined based on the best estimate required to settle the obligation at Balance Sheet Date. These are reviewed at each balance sheet date and adjusted to reflect the current best estimates. Contingent liabilities are disclosed in the Notes.

3. Share Capital

a. Terms/rights attached to shares

The company has only one class of equity shares having a par value of Rs. 10 per share. Each holder of equity share is entitled to one vote per share. The company declares and pays dividends in Indian Rupees.

In the event of liquidation of the company, the holders of equity shares will be entitled to receive the remaining assets of the company after distribution of all preferential amounts. The distribution will be in proportion to number of equity shares held by the shareholders.

b. Shares reserved for issue under options Nil

c. Employees Stock Option Scheme Nil

d. Bonus shares/Buy Back/Shares for consideration other than Nil cash issued during past five years

4. Previous year's figures have been regrouped / reclassified wherever necessary to correspond with the current year's classification / disclosure.

5. Balances of Trade payables,Loans & advances & trade receivables have been taken as per books awaiting respective confirmation & reconciliation.