Prakash Woollen & Synthetic Mills Limited has announced the opening of a special window for physical shareholders to re-lodge transfer requests for their shares, following regulatory requirements outlined in a recent SEBI circular. The company, which manufactures, exports, and imports high-class mink blankets, has taken this step to assist shareholders who previously faced difficulties with share transfer processes.

Regulatory Compliance and Timeline

The initiative stems from SEBI circular no. HO/38/13/11(2)2026-MIRSD-POD/1/3750/2026 dated January 30, 2026. The company has formally notified BSE Limited about this development through a letter dated March 28, 2026, pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Eligibility and Process

The special window specifically targets cases where original share transfer requests were lodged prior to April 01, 2019 and were subsequently rejected or returned due to various issues. These may include deficiencies in documentation, procedural gaps, or other technical reasons that prevented the original transfer from being completed.

Eligible shareholders must submit their transfer requests along with requisite documents to the company's registrar and share transfer agent, M/S Skyline Financial Services Private Limited, within the stipulated timeframe. An important requirement is that shares re-lodged for transfer during this window will be processed exclusively in dematerialization mode.

Company Communication

The announcement was made through a newspaper advertisement published in The Pioneer dated March 28, 2026. Company Secretary & Compliance Officer Sneha Agarwal (Mem. No.: A70716) signed the formal communication to BSE Limited, while the public notice was issued by Whole-Time Director Vijay Kumar Gupta (DIN: 00335325) on behalf of the Board of Directors.

Company Background

Prakash Woollen & Synthetic Mills Limited operates with its registered office and manufacturing facility located at 18th KM Stone Delhi Moradabad Road, NH-24, Village Amhera, PO Chaudherpur, District Amroha, Uttar Pradesh. The company's head office and mailing address is situated at 430, Civil Lines, Kanth Road, Moradabad, Uttar Pradesh. The company trades on BSE with scrip code 531437 and scrip ID PWASML.

Prakash woollen & synthetic mills Limited has successfully received a substantial government subsidy under the Uttar Pradesh government's textile promotion initiative. The company announced the receipt of Rs 3.85 crore from the Handloom and Textile Directorate on 16.03.2026, marking a significant financial boost for its expansion activities.

Subsidy Details and Structure

The subsidy was granted under the U.P. Government Handloom, Power loom, Silk & Garmenting Policy-2017 and is specifically connected to the company's expansion project. The financial assistance has been structured across two key components to support different aspects of the business development.

Regulatory Compliance and Disclosure

The company has maintained transparency in its disclosure process, having initially informed stakeholders about this subsidy on 25.02.2026. The formal notification to BSE Limited was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, demonstrating adherence to regulatory requirements.

Business Impact and Utilization

The capital subsidy component of Rs 2.71 crore is earmarked for loan repayment, which will help strengthen the company's financial position by reducing debt obligations. The interest subsidy of Rs 1.14 crore provides additional financial relief, supporting the company's expansion initiatives in the textile manufacturing sector.

Company Operations

Prakash Woollen & Synthetic Mills Limited operates as a manufacturer, exporter, and importer of high-class mink blankets. The company's registered office and manufacturing facility are located at 18th KM Stone Delhi Moradabad Road, NH-24, in Amroha district, Uttar Pradesh, while maintaining its head office in Moradabad.