Outcome of the Board Meeting held on 16th February, 2026 and Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Prashant India Ltd's Board, at its meeting on 16 February 2026, approved the disposal of all Plant and Machinery, equipment, scraps, and other items belonging to its erstwhile (already shut) Textile Division at Palsana as scrap. The terms and conditions of the sale will be decided by Managing Director Mr. Prabhudas Mohanbhai Gondalia. The disposal is being carried out under a shareholder resolution passed at the 27 September 2023 AGM, which authorised the company to sell, lease, or otherwise dispose of its undertaking under Section 180(1)(a) of the Companies Act, 2013. The textile division was already a non-operating unit, so this is essentially a wind-down of leftover fixed assets rather than a sale of a running business. No specific sale value or buyer has been disclosed in this filing.
This is a low-impact, housekeeping-style disposal of scrap assets from a division that was already shut down — it will not change the company's core operations or earnings profile, and the scrap value realised is likely to be small. Shareholders should treat this as a routine cleanup rather than a strategic event.