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Prakash Woollen & Synthetic Mills Ltd has informed BSE about two Inter Corporate Loan Agreements signed on May 28, 2025. The company is acting as Lender: INR 40 Lakhs to Martco Exports Private Limited and INR 1 Crore to Kailash Coal And Coke Company Limited, both for temporary financial accommodation. Both loans carry an interest rate of 9.00% per annum (described as at prevailing market rate) and have a tenure of 6 months, extendable by mutual agreement. The company stated these are not related-party transactions and there is no shareholding involved.
The company is deploying surplus cash by lending to unrelated parties at a market-rate return of 9%, which is mildly positive as it indicates available liquidity and a modest yield on idle funds, though the amounts (₹1.4 crore total) are small relative to typical operations.