Prakash Woollen & Synthetic Mills Limited has announced an inter-se transfer of promoter shareholding through a gift deed executed on February 13, 2026. The transaction involves the transfer of 5000 equity shares, representing 0.05% of the company's shareholding, from promoter Vijay Kumar Gupta to his grandson Paawan Agarwal.

Transfer Details and Parties Involved

The gift deed was executed as part of a private family arrangement between two members of the promoter group. Vijay Kumar Gupta, who serves as a promoter of the company, has transferred his 0.05% shareholding to Paawan Agarwal, who is already part of the promoter group as his grandson.

Current Shareholding Structure

Following the completion of this transfer, the shareholding pattern of both parties has been updated. The transaction represents an internal reorganization within the promoter family structure.

Purpose and Strategic Rationale

The company has disclosed that the gift deed was executed pursuant to a private family arrangement with specific strategic objectives:

• Streamlining succession planning within the promoter family
• Ensuring continuity of ownership and control by the Vijay Kumar Gupta family
• Providing desired stability to the company's ownership structure
• Facilitating smooth transition of shareholding across generations

Impact Assessment

The management has clarified that this inter-se transfer will have minimal operational impact on the company. Since Paawan Agarwal was already part of the promoter group, there is no change in the overall promoter group composition. The only modification is that Paawan Agarwal will now acquire voting rights over the 0.05% stake in the company.

The transaction does not qualify as a related party transaction and involves no issuance of new shares. The company has confirmed that no restrictions or liabilities have been imposed on the listed entity as a result of this transfer.

Regulatory Compliance

Prakash Woollen & Synthetic Mills Limited has made this disclosure in compliance with Regulation 30A and 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The company has also made the information available on its website www.prakashwoollen.com for public access and transparency.

Prakash Woollen & Synthetic Mills Limited has released its unaudited financial results for the third quarter ended December 31, 2025, showing mixed performance with reduced losses but declining revenue. The Uttar Pradesh-based manufacturer of high-class mink blankets continues to navigate challenges in its seasonal business operations.

Financial Performance Overview

The company's financial performance for Q3FY26 reflects the seasonal nature of its blankets business, with revenue and profitability patterns varying significantly across quarters.

Nine-Month Performance Analysis

For the nine-month period ended December 31, 2025, Prakash Woollen & Synthetic Mills demonstrated improved operational efficiency despite revenue challenges. The company's cumulative performance shows significant progress in loss reduction.

Operational Cost Structure

The company's expense management showed mixed results during Q3FY26. While some cost categories increased, others demonstrated better control, contributing to the overall improvement in loss reduction.

Key expense components for Q3FY26 included:

• Cost of materials consumed: Rs 2329.03 lakhs (vs Rs 2138.02 lakhs in Q3FY25)
• Employee benefits expense: Rs 256.01 lakhs (vs Rs 208.64 lakhs in Q3FY25)
• Finance costs: Rs 118.10 lakhs (vs Rs 114.05 lakhs in Q3FY25)
• Other expenses: Rs 574.63 lakhs (vs Rs 515.23 lakhs in Q3FY25)

Board Approval and Compliance

The unaudited financial results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on February 4, 2026. The results comply with Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company's statutory auditors, Harshit Mehrotra and Associates, provided a clean limited review report without any modified opinion on the quarterly results. The financial statements were prepared in accordance with Indian Accounting Standards (Ind AS) prescribed under Section 133 of the Companies Act, 2013.

Business Context and Outlook

Prakash Woollen & Synthetic Mills operates in the seasonal blankets business, which significantly impacts quarterly performance patterns. The company noted that financial results for individual quarters may not be representative of full-year performance due to the seasonal nature of demand for blankets and related products.

The company continues to focus on manufacturing, exporting, and importing high-class mink blankets from its registered office and works located at the 18th KM Stone Delhi Moradabad Road in Uttar Pradesh.