Key Quantitative Figures
The company has received enhanced compensation amounting to ₹6,48,05,244 (Six Crore Forty-Eight Lakh Five Thousand Two Hundred Forty-Four Rupees) from NHAI.
Timeline of Action
The land acquisition occurred in the financial year 2019-20.
The company instituted proceedings for enhancement of compensation in FY 2019-20.
The appellate authority issued a favorable order resulting in the enhanced compensation.
The compensation was received in the current period (implied by the disclosure date of 06.06.2026).
Parties Involved
- Prakash Woollen & Synthetic Mills Limited (Recipient)
- National Highways Authority of India (NHAI) (Opposing party/compensating authority)
- Appellate authority (Court/Tribunal - specific name not disclosed)
Purpose/Rationale
The disclosure is made pursuant to Regulation 30 read with Clause 8 of 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-POD2/1/3762/2026 dated January 30, 2026.
Financial Impact
The disclosure explicitly states "Financial implications, if any, due to compensation, penalty etc.;" as "Not Applicable" in Annexure-A. However, the company has received a cash inflow of ₹6.48 crore as compensation.
Litigation Details (From Annexure-A)
- Opposing Party: National Highways Authority of India (NHAI)
- Forum: Court (specific court/tribunal not named)
- Case Details: The company received a favorable order for enhancement of compensation for land acquired in 2019-20. The case was filed in financial year 2019-20.
- Quantum of Claims: Not Applicable
- Settlement Details: Not Applicable
- Delay Reason: Not Applicable
Additional Information
The disclosure was signed by Sneha Agarwal, Company Secretary (Membership No. A70716), on behalf of Prakash Woollen & Synthetic Mills Limited.
#Tags: #PrakashWoollen #NHAI #LandAcquisition #SEBIRegulation30 #Compensation #Positive