Prakash Woollen & Synthetic Mills Limited narrowed its net loss to ₹88.77 lakh for the financial year ended March 31, 2026, compared to a loss of ₹909.13 lakh in the previous year. Revenue from operations for the year rose to ₹10625.48 lakh from ₹10517.37 lakh in FY25. The company’s Board of Directors approved the audited standalone financial results for the quarter and year ended March 31, 2026, at a meeting held on May 30, 2026.

For the fourth quarter ended March 31, 2026, the company reported a profit of ₹144.52 lakh, a turnaround from the loss of ₹186.40 lakh in the preceding quarter ended December 31, 2025. Revenue from operations in Q4FY26 stood at ₹1188.27 lakh, significantly higher than the ₹596.98 lakh recorded in the same period of the previous year. Total income for the quarter was ₹1194.38 lakh.

Financial Performance

The company’s expenses for the full year totaled ₹10737.60 lakh, a decrease from ₹11428.53 lakh in the prior year. Profit before exceptional items and tax for FY26 was reported at a loss of ₹105.80 lakh, an improvement over the loss of ₹909.13 lakh in FY25. Exceptional items for the year amounted to ₹47.82 lakh, primarily comprising profit on the sale of land and building and write-back of revaluation reserve.

Operational Details and Disclosures

The financial results were reviewed by the Audit Committee and subsequently approved by the Board. The statutory auditors, M/s Harshit Mehrotra And Associates, issued an unmodified opinion on the audited financial results. The company noted that the textile business is seasonal in nature, and quarterly results are not necessarily representative of the full year’s performance.

During the reporting period, the company received government assistance, including a capital subsidy of ₹270.98 lakh for production capacity expansion and a reimbursement of ₹114.10 lakh for interest costs on term loans. The balance sheet as of March 31, 2026, showed total assets of ₹11890.21 lakh, an increase from ₹11100.25 lakh in the previous year.

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.