Prakash Woollen & Synthetic Mills Limited, a manufacturer, exporter, and importer of mink blankets, has approved its unaudited financial results for the first quarter of the fiscal year 2026. The company's Board of Directors convened on August 12, 2025, to review and approve the financial statements for the quarter ended June 30, 2025.

Board Meeting Highlights

• The board meeting commenced at 12:30 P.M. and concluded at 2:30 P.M.
• The unaudited financial results for Q1 FY26 were approved in accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
• A Limited Review Report (LRR) on the unaudited financial results was issued by the company's statutory auditors.
• The LRR did not contain any qualifications or modified opinions, indicating a clean review of the financial statements.

Regulatory Compliance

Prakash Woollen & Synthetic Mills has adhered to the regulatory requirements by:

• Approving the Unaudited Financial Results (UFR) for the quarter ended June 30, 2025.
• Noting the Limited Review Report issued by the statutory auditors.
• Uploading the results on both the stock exchange website and the company's official website ( www.prakashwoollen.com ).

Company Information

• Prakash Woollen & Synthetic Mills Limited is listed on the BSE with the scrip code 531437.
• The company's registered office and works are located at 18th KM Stone, Delhi Moradabad Road, NH-24, Village Amhera, PO Chaudherpur, District Amroha - 244 102, Uttar Pradesh.
• Its CIN is L17291UP1979PLC004804.

While specific financial figures were not disclosed in the available information, investors and stakeholders can access the detailed unaudited financial results on the BSE website and the company's official website. The approval of these results without any qualifications from the auditors suggests that the company's financial reporting is in order for the quarter ended June 30, 2025.

Prakash Woollen & Synthetic Mills continues to operate in the textile sector, specializing in mink blankets, with a focus on manufacturing, exporting, and importing activities.

Prakash Woollen & Synthetic Mills Limited , a prominent player in the textile industry, has announced significant changes to its board composition and key corporate decisions in a meeting held on July 23, 2025. The company's board has approved several appointments and reappointments, signaling a strategic restructuring of its leadership team.

New Appointments and Reappointments

The board has made the following key appointments:

1. Mr. Ashish Gupta and Mr. Kapil Gupta have been appointed as Additional Directors and Whole-Time Directors for a three-year term, each with a monthly remuneration of Rs. 5,00,000.
2. Mr. Pankaj Kumar Mittal, a Fellow Member of the Institute of Chartered Accountants of India with over 33 years of experience, has been appointed as an Additional Director in the capacity of Non-Executive Independent Director for a five-year term.
3. Mr. Deepak Oberoi, a qualified mechanical engineer, has been recommended for appointment as a Non-promoter and Non-Executive Director.
4. Mr. Mayur Gupta, a qualified architect, has been appointed as an Additional Director in the capacity of Non-promoter and Non-Executive Director.
5. The board has recommended the reappointment of Mr. Daya Kishan Gupta as Managing Director for a three-year term starting September 1, 2025.

Corporate Governance and Financial Decisions

In addition to the board appointments, the company has made several other important decisions:

1. Secretarial Auditor Appointment: Mr. R.S. Bhatia, a practicing Company Secretary, has been appointed as the Secretarial Auditor for a period of five years, from April 1, 2025, to March 31, 2030.
2. Borrowing Approval: The board has approved borrowing up to Rs. 10.00 crore from promoters, directors, or body corporates, excluding banks.
3. Annual General Meeting: The company has scheduled its Annual General Meeting for August 30, 2025, where shareholders will vote on these appointments and other matters.

Leadership Profiles

• Mr. Ashish Gupta, son of Mr. Vijay Kumar Gupta, has been serving as the vice president of the finance department since 2004.
• Mr. Kapil Gupta, son of Mr. Daya Kishan Gupta, has been the vice president of the sales department since 2004, with extensive experience in sales and marketing of the company's products.
• Mr. Pankaj Kumar Mittal brings expertise in finance, taxation, audit, and corporate governance, holding an LLB degree in labor laws.
• Mr. Daya Kishan Gupta, associated with the company since its incorporation, has been instrumental in growing the company's turnover and profitability, particularly in establishing the company's identity in the competitive Mink Blanket market.

These appointments and decisions reflect Prakash Woollen & Synthetic Mills Limited's commitment to strengthening its leadership team and corporate governance structure. The diverse expertise of the new appointees is expected to contribute significantly to the company's future growth and strategic direction.

Shareholders will have the opportunity to approve these appointments at the upcoming Annual General Meeting, marking a new chapter in the company's corporate governance and leadership.