Prakash Woollen & Synthetic Mills Ltd. has announced that its board meeting will be held on May 30, 2026. The primary agenda for the meeting is to consider and approve the audited standalone financial statements for the financial year ended March 31, 2026. Additionally, the board will review the audited financial results for the fourth quarter and the fiscal year ending on the same date, in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Trading Window Closure

In accordance with regulatory requirements, the company has informed the stock exchanges that the trading window for dealing in its securities remains closed. The window initially closed on April 1, 2026, and will reopen only after the completion of 48 hours from the declaration of the financial results. This measure is intended to prevent insider trading and ensure market integrity during the sensitive period surrounding the announcement of financial performance.

Meeting Details

The board meeting is scheduled to take place on Saturday, May 30, 2026. The notice regarding the meeting was dispatched to the BSE Limited on May 21, 2026. The company has requested the exchange to take the necessary notice on record. The approval of the financial results is a standard regulatory requirement for listed entities and provides shareholders with insights into the company's performance over the past fiscal year.

Prakash Woollen & Synthetic Mills Limited has entered into a loan agreement with State Bank of India to secure funding for its working capital requirements. The agreement was signed on May 21, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company has sanctioned a loan amount of ₹4.68 Crores from the lender. The financial facility is structured as a Working Capital Term Loan (WCTL), providing the firm with necessary liquidity to support its operational needs.

Key Terms of the Agreement

The loan agreement outlines specific financial terms regarding the cost of borrowing and the repayment schedule. The interest rate is set at 8.65% per annum, subject to changes as may be decided by the bank. The repayment tenure is fixed at 5 years, with the obligation to repay through equated monthly installments.

The disclosure confirms that the transaction does not fall within related party transactions and is not with entities related to the promoter or promoter group. There are no special rights attached to the agreement, such as the right to appoint directors or restrictions on capital structure changes.