Prakash Woollen & Synthetic Mills Limited , a company engaged in the blankets business, has reported its unaudited financial results for the second quarter and half-year ended September 30, 2025. The company faced challenges during this period, as reflected in its financial performance.

Financial Performance

The company reported a net loss of Rs 4.00 crore for the quarter, a significant decline from the profit of Rs 28.20 crore in the previous quarter. For the six-month period, the company posted a loss of Rs 46.89 crore, which shows an improvement compared to the loss of Rs 130.72 crore in the corresponding previous period.

*All figures in Rs crore

The total income for the quarter stood at Rs 2,638.00 crore, showing a slight decrease from Rs 2,689.55 crore in the previous quarter. Similarly, the company's revenue from operations decreased to Rs 2,632.58 crore from Rs 2,687.52 crore in the previous quarter.

Audit Committee Reconstitution

The Board of Directors has reconstituted the Audit Committee. The new composition of the committee is as follows:

This reconstitution aims to strengthen the company's financial oversight and ensure compliance with regulatory requirements.

Auditors' Review

The company's statutory auditors have conducted a limited review of the financial results. The auditors' report contained no qualifications or adverse remarks, providing assurance on the integrity of the financial statements.

Business Outlook

Prakash Woollen & Synthetic Mills Limited operates in the blankets business, which is seasonal in nature. The company notes that the financial results for the quarter may not be representative of the whole year's performance due to this seasonality.

The company's statement of assets and liabilities shows a total asset base of Rs 13,068.74 crore as of September 30, 2025, compared to Rs 11,100.25 crore as of March 31, 2025. This increase in assets indicates potential expansion or investment activities by the company.

Investors and stakeholders should consider these results in the context of the broader market conditions and the seasonal nature of the company's business. The improvement in half-yearly losses compared to the previous year suggests that the company may be implementing strategies to mitigate financial challenges, despite the quarterly setback.

Prakash Woollen & Synthetic Mills Limited , a textile manufacturing company, has announced a significant increase in its borrowing capacity. The company has doubled its borrowing limit from Rs. 10.00 crore to Rs. 20.00 crore, as approved by the Finance Committee of the Board of Directors on September 5, 2025.

Key Details of the Borrowing Limit Increase

This decision follows an earlier approval by the Board of Directors on July 23, 2025, which had set the initial borrowing limit. The increase falls within the overall limits previously sanctioned by the Board, which had delegated powers to the Finance Committee to determine the quantum and terms of borrowings as required.

Regulatory Compliance

In compliance with SEBI regulations, Prakash Woollen & Synthetic Mills Limited has duly informed the BSE Limited about this development. The company's disclosure adheres to Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Implications for the Company

The doubling of the borrowing limit suggests that Prakash Woollen & Synthetic Mills may be positioning itself for potential expansion or operational enhancements. This increased financial flexibility could allow the company to pursue growth opportunities or manage its working capital more effectively.

Investors and stakeholders will likely be watching closely to see how the company utilizes this expanded borrowing capacity and its impact on future financial performance.

As the textile industry continues to evolve, Prakash Woollen & Synthetic Mills' move to increase its borrowing limit may be seen as a strategic step to strengthen its market position and operational capabilities.