Prakash Woollen & Synthetic Mills Limited has disclosed entering into an Inter Corporate Loan Agreement dated September 15th, 2026 with Genus Paper And Boards Limited. The disclosure is made pursuant to Regulation 30 read with Para B of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
Key Agreement Details:
- Parties: Prakash Woollen & Synthetic Mills Limited (Borrower) and Genus Paper And Boards Limited (Lender)
- Purpose: To provide temporary financial accommodation through an Inter Corporate Loan
- Loan Size: INR 1.5 crore
- Interest Rate: 9.00% (as per prevailing market rate)
- Tenure: 6 months, with possibility of extension as mutually decided if required
- Shareholding: None between the parties
- Special Rights: None (no rights to appoint directors, first right to share subscription, or right to restrict capital structure changes)
- Related Party Status: The parties are not related to promoter/promoter group/group companies in any manner
- Related Party Transaction: Does not fall under related party transactions
- Equity Issuance: No shares are being issued as part of this agreement
The company has requested the exchange to take this information on record and provide acknowledgment of receipt.
Disclosure Contact:
Sneha Agarwal, Company Secretary (M.No. - A70716)
Company Address: C-85, Gandhi Nagar, Moradabad-244001, Uttar Pradesh