Intimation under reg-30.
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Prakash Woollen & Synthetic Mills Ltd has entered into a loan agreement dated October 4, 2025, with Mr. Ashish Gupta, its Whole Time Director, for INR 1 crore. The loan is meant to provide temporary financial accommodation to the company. It carries an interest rate of 9.00% per annum, which the company describes as the prevailing market rate, with a tenure of 6 months that can be extended mutually. As the lender is the company's Whole Time Director, this qualifies as a related party transaction and has been carried out at arm's length basis.
The company is raising a small INR 1 crore loan from its own director at market rates, which is a modest, short-term funding arrangement. This is not a major fundraising event, so the impact on shareholders or stock price is likely minimal, though it signals the company may be relying on internal/promoter-level support for temporary working capital needs.