Prakash Woollen & Synthetic Mills Ltd

Prakash Woollen & Synthetic Mills Ltd

Prakash Woollen & Synthetic Mill Limited was incorporated in India in the year August 23rd 1979 as a leading Indian Textile Company. The Company has its wide network of operations in domestic market. It sells its product through multiple channels including wholesale retail and through agents etc.During the year 2013-14 the Company issued 3669950 equity shares and 1500000 warrants on preferential basis as approved in last annual general meeting. The company issued these Equity Shares and Warrants on 26th August 2013.During the year 2013-14 the company converted 1500000 Warrants into same number of Equity Shares on October 11th 2013. The company re-issued 913900 Equity Shares which were earlier forfeited as approved in the Extra Ordinary General Meeting held on 11th December 2013.In FY2014-15 the Company altered its Object Clause in Memorandum of Association. Pursuant to change in main object of the Company it has to make the change in Name of the Company to incorporate its new activity. So the Company changed its name from Prakash Woollen Mill Limited to Prakash Woollen & Synthetic Mill Limited w.e.f 27th July 2015.The Company had re-issued 913900 Equity shares on 17 February 2014 which have been allowed to trade w.e.f. 23rd June 2015.During the year 2015-16 Company's major activity remained confined to production of Mink Blankets and Bed covers. The company operated in only one segment.