Please find enclosed herewith the intimation of Board Meeting dated 23.07.2025
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Prakash Woollen & Synthetic Mills held a board meeting on July 23, 2025, with several key decisions. The board appointed Ashish Gupta and Kapil Gupta as Whole-Time Directors for three years at Rs. 5 lakh per month each, and added Deepak Oberoi, Mayur Gupta and Pankaj Kumar Mittal (as Independent Director) to the board. Daya Kishan Gupta was reappointed as Managing Director for another three years effective September 1, 2025. The board also approved borrowing up to Rs. 10 crore from promoters, directors or body corporates (excluding banks) in one or more tranches, and appointed R.S. Bhatia as Secretarial Auditor for five years (FY2025–FY2030). The 46th Annual General Meeting was scheduled for August 30, 2025 at 12:30 PM.
Significant board restructuring with multiple family members (Guptas) in key executive roles raises governance questions, though operations remain family-led. The Rs. 10 crore promoter/director borrowing signals additional funding support from insiders, which is mildly positive for liquidity but is a related-party transaction.