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May 05, 2015 6:27 AM ET

Textiles, Apparel and Luxury Goods

Company Overview of Prashant India Ltd.

Company Overview

Prashant India Ltd. engages in the textiles business in India. The company manufactures job work of sized beams and texturised yarn. It is also involved in the generation of wind power. The company was formerly known as Prashant Proteins Ltd and changed its name to Prashant India Ltd. in 1995. Prashant India Ltd. was incorporated in 1983 and is based in Surat, India.

Block No. 456

N.H. 8

Palsana Char Rasta

Palsana

Surat,  394315

India

Founded in 1983

Phone:

91 26 2232 5227

Key Executives for Prashant India Ltd.

Chairman, Managing Director and Chairman of Shareholder / Investors Grievance Committee
Age: 66
Whole Time Director and Member of Audit Committee
Age: 52
Company Secretary
Professional Director, Director, Chairman of Audit Committee and Member of Shareholder/Investors Grievance Committee
Age: 78
Compensation as of Fiscal Year 2014.

Prashant India Ltd. Key Developments

Prashant India Ltd. Announces Unaudited Standalone Earnings Results for the Fourth Quarter and Year Ended March 31, 2015

Prashant India Ltd. announced unaudited standalone earnings results for the fourth quarter and year ended March 31, 2015. For the quarter, the company reported net sales/income from operations of INR 0.563 million against INR 0.002 million a year ago. Loss from operations before other income, finance cost and exceptional items was INR 2.047 million against INR 4.014 million a year ago. Loss from ordinary activities before tax was INR 1.871 million against INR 4.015 million a year ago. Net loss for the period was INR 1.871 million or INR 0.44 per basic and diluted share against INR 4.015 million or INR 0.95 per basic and diluted share a year ago. For the nine months, the company reported net sales/income from operations of INR 2.936 million against INR 4.057 million a year ago. Loss from operations before other income, finance cost and exceptional items was INR 8.680 million against INR 9.946 million a year ago. Loss from ordinary activities before tax was INR 8.510 million against INR 8.342 million a year ago. Net loss for the period was INR 8.510 million or INR 2.01 per basic and diluted share against INR 8.342 million or INR 1.97 per basic and diluted share a year ago.

Prashant India Ltd., Board Meeting, Apr 30, 2015

Prashant India Ltd., Board Meeting, Apr 30, 2015.

Prashant India Ltd Approves the Appointment of Poonam Khandelwal as an Additional Director and Rashmi Bhatt as a Company Secretary

Prashant India Ltd. announced that the Board of Directors of the company at its meeting held on January 31, 2015, has approved the appointment of Mrs. Poonam Khandelwal as an Additional Director and Mrs. Rashmi Bhatt as a Company Secretary.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
March 30, 2015
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