Prakash Woollen & Synthetic Mills Ltd — Important, 04-10-2025: Company Update

Prakash Woollen & Synthetic Mills has entered a loan agreement for 1 crore with Mr. Ashish Gupta, its Whole-time Director. This funding is for temporary financial accommodation, with an interest rate of 9% and a 6-month tenure, which can be extended. While it is a related party transaction, the company clarifies it was executed on an arm's length basis. This move provides the company with immediate liquidity, reflecting an internal financing arrangement to support its short-term operational needs.