Prakash Woollen & Synthetic Mills Ltd has secured an enhanced compensation of Rs 6,48,05,244 from the National Highways Authority of India (NHAI) following a favourable order by the appellate authority. The payment relates to land acquisition proceedings initiated by the company in the financial year 2019-20.

The company filed a case for the enhancement of compensation during the financial year 2019-20. The appellate authority subsequently ruled in favour of the textile manufacturer, awarding the increased amount. The receipt of funds marks the conclusion of the legal proceedings concerning the land acquisition.

The disclosure was made to BSE Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notification was submitted by Company Secretary Sneha Agarwal on June 06, 2026.

Details of the Proceeding

The following table outlines the key details of the litigation and the resulting compensation:

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.