Prakash Woollen & Synthetic Mills Ltd has announced receipt of a significant subsidy grant from the Uttar Pradesh Government, marking a positive development for the textile manufacturer's expansion plans. The company informed the BSE on February 25, 2026, about this financial support under regulatory disclosure requirements.

Subsidy Details and Structure

The subsidy grant totaling ₹3.97 crore has been awarded under the UP Government's Handloom, Power loom, Silk & Garmenting Policy 2017. The financial assistance is structured to support the company's expansion project through two distinct components.

Regulatory Compliance and Disclosure

The company has fulfilled its regulatory obligations by informing the BSE under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates listed companies to disclose material events and information that could impact investor decisions.

Prakash Woollen & Synthetic Mills has indicated that additional disclosure will be provided once the actual amount is received by the company. The announcement was made through a formal communication to the BSE, demonstrating the company's commitment to transparency and regulatory compliance.

Company Background

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

The subsidy grant represents a significant financial boost for the company's expansion initiatives, potentially enhancing its manufacturing capabilities and market presence in the textile sector. The structured approach of combining capital and interest subsidies provides comprehensive support for the company's growth plans.

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.