Outcome of Board Meeting 30.05.2026
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Board of Prakash Woollen & Synthetic Mills Ltd approved audited standalone financial results for Q4 and FY ended March 31, 2026. The company reported a pre-tax loss of Rs 57.98 lakh compared to a profit of Rs 144.70 lakh in FY 2024-25. Exceptional items of Rs 47.82 lakh included profit on sale of land and building (Rs 40.33 lakh). The auditors from Harshit Mehrotra and Associates issued an unmodified opinion. Government grants of Rs 270.98 lakh (capital subsidy for machine expansion) and Rs 114.10 lakh (interest reimbursement) were received. Inventories increased significantly to Rs 4,377 lakh from Rs 2,991 lakh. Non-current borrowings reduced to Rs 1,752 lakh from Rs 2,089 lakh. Deferred tax liabilities rose sharply to Rs 196 lakh from Rs 64 lakh.
The company swung from profit to loss in FY 2026, which could negatively impact investor sentiment. The stock may face selling pressure. However, debt reduction and government subsidies provide some fundamental support.