Outcome of Board Meeting
Price
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Awaiting price reaction for this filing.
The Board of Directors of Prakash Woollen & Synthetic Mills Limited, on October 30, 2025, approved the unaudited standalone financial results for the second quarter and half year ended September 30, 2025. The statutory auditor (M/s Harshit Mehrotra and Associates) issued a clean limited review report with no qualifications or adverse remarks. The company also reconstituted its Audit Committee, with Dr. Sandeep Raj continuing as Chairman and Mr. Vijay Kumar Gupta serving as a member alongside the CFO. Exceptional items of Rs 47.82 lakh were reported during the quarter, comprising profit on sale of land (Rs 40.33 lakh) and write-back of revaluation reserve (Rs 7.49 lakh). Total assets grew to Rs 13,068.74 lakhs from Rs 11,100.25 lakhs, with notable increases in inventories and trade payables. The company operates only in the blankets business, which is seasonal in nature.
Clean audit report is a positive signal, but other equity declined slightly to Rs 3,835.69 lakhs (from Rs 3,890.07 lakhs) and net cash from operating activities turned sharply negative at Rs (443.69) lakhs for H1 FY26 versus positive Rs 711.33 lakhs in FY25, indicating potential working capital stress. Shareholders should monitor how the seasonal blankets business performs in the upcoming quarters.