Prakash Woollen & Synthetic Mills Ltd

AGM notice and annual report access

• 47th AGM on 25 Sep 2026 at 11:45 IST via VC/OAVM or physical at Amhera, Amroha.
• Notice and annual report available by email to registered shareholders.
• Web-links for AGM notice and Annual Report provided for non-registered emails.
• Cut-off date for email non-registration: 14 August 2026.
• KYC update reminder under SEBI circular; dematerialise physical securities.
• Electronic payments to be routed electronically for un-updated physical folios from April 1, 2024.
• Shareholders to update email or contact Company/RTA to receive documents electronically.
• Folio No/DPID-Client Id to be quoted in all communications.
• Web-links hosted on company site for AGM notice and annual report.
• Email contact for queries: compliance@prakashwoollen.com.

AGM notice and voting timeline

• AGM date/time and venue: 25 September 2026 at 11:45 AM at registered office.
• Cut-off date for e-voting: 19 September 2026.
• E-voting window: 22 Sept 2026 10:00 AM to 24 Sept 2026 5:00 PM.

WTD appointment and remuneration

• Re-appointment of Vijay Kumar Gupta as Whole Time Director from 1 Apr 2027 to 31 Mar 2030.
• Remuneration fixed at Rs 7 lakh per month; perquisites exclude gratuity/Provident Fund.
• Age 75 by 7 Aug 2028; SR required under Schedule V and Reg 17(1A).

FY2025-26 financial highlights

• FY2025-26 EBITDA before depreciation: Rs 322.51 lakh.
• Profit before tax: Rs -57.98 lakh; profit after tax: Rs -88.77 lakh.
• Depreciation and amortization: Rs 428.31 lakh; deferred tax: Rs -181.22 lakh.

Financial performance

• Revenue from operations: 10625.48 lakhs; total revenue: 10631.80 lakhs.
• Net loss after tax: 88.77 lakhs; earnings per share: -0.86.
• Profit before tax: (57.98) lakhs; exceptional items: 47.82.
• Depreciation: 428.31 lakhs; deferred tax credit: 181.22 lakhs.
• Cash flow from operations: 477.83 lakhs; no current year tax on tax payable reported.

Revenue and growth

• Revenue growth: 1.07% year-on-year (2025 revenue 10519.40; 2026 10631.80).
• Industry context: textile sector facing cost pressures and demand slack.
• No export earnings noted; export performance: Nil in notes.

Capital structure and liquidity

• Authorized share capital: 12 crore; paid-up capital: 10.26 crore; no differential voting rights.
• Total borrowings: 4004.39 lakh; gearing: 35.31%; debt/equity: 0.84.
• Current ratio: 1.08; interest coverage: 2.19x; net debt: 2594.97 lakh.
• Dematerialisation level: 93.60% of shares; no buyback; no differential rights issued.

Governance and board changes

• Ashish Gupta and Kapil Gupta appointed as Whole-time Directors w.e.f 23-07-2025.
• Vijay Kumar Gupta re-appointed as Whole-time Director; remuneration Rs 7 lakh p.m. under SR.
• Board size expanded to 11; 4 independent directors including a Woman director.
• Independent Directors met separately on 07-03-2026; board evaluation completed.

Related party transactions and policy

• Related party transactions on arms-length basis; no material RPT requiring shareholder approval.
• Remuneration to directors and KMP from related parties totaled 251.46 lakh.
• Key related-party suppliers include Prahlad Industries, Aditya Plyboard, Lgsus Industries with various transactions.
• Interest paid to related parties totaled 64.46 lakh; detailed disclosure in notes.

Auditors, internal controls and compliance

• Statutory auditors: Harshit Mehrotra & Associates; no qualifications reported.
• Secretarial auditors: Rupinder Singh Bhatia; Annexure I confirms no qualifications.
• Internal controls: Akshay Anand & Co. appointed as internal auditors; ICFR deemed adequate.

Shareholding, AGM and disclosures

• Promoter group hold 63.43% (Adee Gupta HUF 6.52%, others named in note).
• Total shareholders: 3,071; demat dematerialisation: 93.60%.
• 47th AGM scheduled 25 Sept 2026; e-voting window 22-24 Sept 2026; no dividend proposed.
• RPT policy available on company website; AOC-2 not applicable; CSR not applicable.

Management discussion and industry outlook

• Indian textile sector: strong domestic demand; government schemes boost MMF, technical textiles, and exports.
• Risks: rising raw material costs and energy; global demand fluctuations and supply chain constraints.
• Outlook: focus on revenue growth, cost efficiency, and expanding client base to improve profitability.

AGM and governance flags

• 47th AGM notes include re-appointment of WTDs and other normal corporate actions.
• Secretarial and statutory audit reports attached; no fraud disclosures reported.
• Annual report and notices accessible via company site and stock exchange portals.

Key board decisions

• Standalone unaudited Q1 results for quarter ended 30 June 2026 approved.
• LRR noted; no qualification or modified opinion.
• AGM fixed for 25 September 2026 at 11:45 AM.
• Notice of 47th AGM approved.
• Reappointment of Vijay Kumar Gupta as Whole Time Director for 2027–2030, subject to shareholders' approval.
• Current quarter exceptional items Rs 648.05 lakh from NHAI land award (principal 399.82, interest 248.23).
• Capital subsidy of Rs 270.98 lakh for expansion machines deducted from carrying amount.
• Rs 114.10 lakh government assistance for interest cost reimbursement deducted from finance costs.
• Results uploaded on stock exchange and company website.

Dematerialisation status

• No physical share certificates were received for dematerialisation.