Please find enclosed herewith the outcome 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 Mr. Ashish Gupta and Mr. Kapil Gupta as Whole-Time Directors for 3 years each, at a monthly remuneration of Rs. 5 lakh, and recommended appointing Mr. Deepak Oberoi and Mr. Mayur Gupta as Non-Executive Directors. Mr. Pankaj Kumar Mittal was appointed as an Independent Director for a 5-year term, and Mr. Daya Kishan Gupta was recommended for reappointment as Managing Director for another 3 years starting September 1, 2025. The board also approved borrowing of up to Rs. 10 Crore from promoters, directors or body corporates (excluding banks). Additionally, Mr. R.S. Bhatia was appointed as Secretarial Auditor for FY2025-2030, and the 46th Annual General Meeting was scheduled for August 30, 2025 at 12:30 PM.
This is largely a governance and housekeeping update with multiple family-member director appointments (Guptas), which may raise questions about board independence for some investors. The Rs. 10 Crore borrowing capacity signals potential funding needs but is modest relative to operations.