Prag Bosimi Synthetics Limited , a textile manufacturing company, has reported a net loss of Rs 286.87 lakhs for the quarter ended September 30, 2025, according to the company's latest financial results. This represents a deterioration from the previous quarter's loss of Rs 269.26 lakhs, indicating ongoing challenges for the firm.

Financial Performance

The company's financial situation remains precarious, with key metrics showing signs of stress:

The negative net worth of Rs 933.57 lakhs as of September 30, 2025, underscores the company's financial distress and the urgent need for capital infusion or operational turnaround.

Operational Challenges

Prag Bosimi Synthetics is currently grappling with significant operational hurdles:

• Production Suspension: The company's manufacturing activities have been suspended due to power disconnection.
• Equipment Status: Despite the production halt, the existing machinery remains relatively new and is capable of being restarted once power is restored, requiring only basic servicing.
• Power Restoration Efforts: The management is in communication with APDCL (Assam Power Distribution Company Limited) to restore power to the facility.
• Workforce Planning: Plans are being developed for optimal manpower requirements to facilitate a phased restart of production once power is reconnected.

Financial Recovery Strategies

In an effort to improve its financial position, Prag Bosimi Synthetics is pursuing several avenues:

1. Subsidy Claims: The company is seeking the release of a Rs 90.00 crore subsidy that has been approved by the SLC (State Level Committee).
2. Additional Subsidies: Management is also following up on other pending subsidies from various statutory bodies.
3. Fund Generation: These subsidies, if released, could provide funds to address the company's financial and operational challenges.

Looking Ahead

The immediate future of Prag Bosimi Synthetics hinges on several critical factors:

• The restoration of power to its production facilities
• The release of approved and pending subsidies
• The company's ability to restart operations and manage its workforce

While the company faces significant challenges, the potential influx of subsidy funds and the possibility of resuming production with relatively new machinery offer some hope for a turnaround. However, the widening losses and negative net worth indicate that Prag Bosimi Synthetics has a challenging road ahead in its efforts to return to profitability and operational stability.

Investors and stakeholders will be closely watching the company's progress in addressing these challenges in the coming quarters.

Prag Bosimi Synthetics Limited , a prominent player in the textile and polyester industry, has made significant changes to its board composition and auditor appointment, as announced in a recent board meeting.

Board Reappointments and New Additions

The company's Board of Directors has approved the re-appointment of Mr. Raktim Kumar Das as Whole Time Director for an extended five-year term. Mr. Das, who brings over 25 years of experience in the textile and polyester industry, will serve from June 30, 2026, to June 29, 2031. His extensive background includes a stint as Assistant Director in DOEACC Society, an autonomous body under the Ministry of Communications and Information Technology, Government of India.

In a move to strengthen its independent oversight, the board has appointed Mrs. Geetha Subramonia Iyer as an Additional Director (Independent), effective August 14, 2025. Mrs. Iyer's appointment, subject to shareholder approval, is for a five-year term. With 35 years of service experience in the Canteen Stores Department, Government of India, Mrs. Iyer brings valuable expertise in procurement, distribution, and administrative functions to the board.

New Secretarial Auditor

The board has also appointed M/s Ashok Patel and Associates as the company's Secretarial Auditor for five consecutive years, covering audit periods from FY 2025-26 to FY 2029-2030. This appointment is subject to shareholder approval at the upcoming Annual General Meeting (AGM). M/s Ashok Patel and Associates, a peer-reviewed firm of Company Secretaries in Practice, brings over a decade of experience in corporate laws, SEBI regulations, and FEMA regulations.

Director Tenure Completion

The board noted the completion of Mr. Mukund Trivedi's second term as an Independent Director, marking a transition in the company's independent directorship.

Additional Corporate Updates

In the same meeting, the board approved the unaudited financial results for the quarter ended June 30, 2025. The company also announced that its 33rd AGM will be held on September 25, 2025, through video conferencing or other audio-visual means.

The Register of Members and Share Transfer Books will be closed from September 18 to September 25, 2025, for the AGM.

These strategic appointments and corporate actions reflect Prag Bosimi Synthetics' commitment to maintaining strong corporate governance and adapting to the evolving business landscape in the textile and polyester sector.