Investment17 Mar 2026, 04:41 pm
Prakash Woollen & Synthetic Mills Ltd Receives Rs. 3.85 Cr Subsidy from U.P. GOVT.
AI Summary
Prakash Woollen & Synthetic Mills Ltd, a company based in Moradabad, Uttar Pradesh, has received a subsidy of Rs. 3.85 Cr (Three Crore Eighty Five lacs only) from Handloom and Textile Directorate under the U.P. GOVT. Handloom, Power loom, Silk & Garmenting Policy -2017. The subsidy is a combination of Capital Subsidy (Rs.2.71Cr) and Interest Subsidy (Rs.1.14Cr). The purpose of the Capital Subsidy is for loan repayment. The Company Secretary, Sneha Agarwal, has requested that this information be taken on record.
Key Highlights
- Prakash Woollen & Synthetic Mills Ltd receives Rs. 3.85 Cr subsidy from U.P. GOVT.
- Subsidy includes Rs.2.71Cr Capital Subsidy and Rs.1.14Cr Interest Subsidy.
- Subsidy to be used for loan repayment.
- Company Secretary Sneha Agarwal requests information be taken on record.