Prakash Woollen & Synthetic Mills Ltd Approves Quarterly Results and Recommends Director Reappointment

Prakash Woollen & Synthetic Mills Ltd Approves Quarterly Results and Recommends Director Reappointment​

Prakash Woollen & Synthetic Mills Ltd announced the approval of its Unaudited Financial Results (UFR) for the first quarter ended June 30, 2026. The Board of Directors also reviewed operational performance and recommended the re-appointment of Mr. Vijay Kumar Gupta as a Whole Time Director.

The Company’s results were presented alongside a Limited Review Report from its Statutory Auditors, noting that the report contained no qualification or modified opinion regarding the UFR.

Financial Performance for Q1 2026​

The Unaudited Financial Results (Standalone) for the first quarter ended June 30, 2026, were approved by the Board of Directors. The results reflect a total income of 115,438 lakh.

Key figures from the Statement of Standalone Unaudited Results are detailed below:


The Company reported that the standalone results are prepared in accordance with relevant accounting standards and practices.

Board Decisions and Governance Update​

At the board meeting held on August 11, 2026, the directors reviewed several corporate matters. The Board recommended the re-appointment of Mr. Vijay Kumar Gupta as a Whole Time Director to shareholders at the upcoming Annual General Meeting (AGM). Mr. Gupta’s tenure was proposed for three years, effective from April 1, 2027, to March 31, 2030, and his current term would end on March 31, 2027.

The Board also decided to hold the Annual General Meeting on Friday, September 25, 2026, at 11:45 AM. Mr. Gupta has been with the company since incorporation and possesses extensive experience in Accounting and Financial Management.

Operational Highlights and Grants​

Notes accompanying the financial results detailed specific operational events throughout the reporting period. The Company reported receiving several grants and compensation awards related to its operations.

Notable highlights include:

• Receiving a capital subsidy of Rs 270.98 lakh for the acquisition of specific machines used for production capacity expansion.
• Receipt of Rs 114.10 lakh as reimbursement for interest costs incurred on Term Loan.
• Reporting an exceptional item amounting to Rs 648,05 lakh from an award on land acquired by NHAI in FY 2019-20.
• The financial statements noted other expenses of Rs 65,00 lakh incurred concerning the securing of enhanced compensation.

Stock Price Movement​

At 13:46, shares of Prakash Woollen & Synthetic Mills Ltd. hold steady at ₹22.25, displaying no change as the market navigates a slow session. The stock is trading completely flat, with its intraday high and low both locked firmly at ₹22.25.