Prakash Woollen & Synthetic Mills Ltd — Important, 17-03-2026: Company Update

Prakash Woollen & Synthetic Mills Ltd. has received a significant subsidy of Rs. 3.85 Cr from the U.P. Government's Handloom and Textile Directorate. This financial assistance, provided under the Handloom, Power loom, Silk & Garmenting Policy -2017, includes Rs. 2.71 Cr as a capital subsidy specifically for loan repayment and Rs. 1.14 Cr as an interest subsidy. This directly supports the company's expansion project, offering a crucial financial boost and easing financial commitments for shareholders.