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Awaiting price reaction for this filing.
Prakash Woollen & Synthetic Mills has been granted a subsidy of Rs. 3.97 crore from the Handloom and Textile Directorate under the U.P. Government Handloom, Power loom, Silk & Garmenting Policy 2017. The subsidy is tied to the company's ongoing expansion project and consists of two parts: a capital subsidy of Rs. 2.79 crore and an interest subsidy of Rs. 1.18 crore. The company received the grant letter on February 25, 2026, but the actual cash amount has not yet been received. A further disclosure will be made once the funds are actually received.
This is a positive development as it lowers the effective cost of the company's expansion project, supporting capital efficiency and future earnings. The actual cash inflow is still pending, so the immediate impact on cash flows and stock price may be limited until receipt is confirmed.