Prashant India Ltd — Important, 16-02-2026: Company Update

Prashant India Ltd. announced that its Board of Directors approved the disposal of all Plant and Machinery, equipment, and other materials from its former Textile Division located at Palsana, selling them as scrap. This decision aligns with a shareholder resolution passed in September 2023 to dispose of substantially the whole undertaking. The Managing Director will finalize the terms and conditions for this asset disposal. This move helps the company monetize non-performing assets and streamlines its operations.