Prashant India Ltd — Updates, 17-07-2025: Company Update

Prashant India Ltd. has completed the sale of its N.A. Industrial Land & Building of the Textile Division located at Palsana to Shantilon Poly Private Limited. The total consideration received for this asset disposal is ₹10 crore. This transaction, involving a buyer whose directors are part of the promoter group (and also a secured creditor), was conducted on an arm's length basis. The sale finalizes the divestment of a non-contributing asset, as the Textile Division reported no turnover, which could help optimize the company's asset base.