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August 30, 2015 4:01 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

Palsana Char Rasta

N.H. 8

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: 67
Chief Financial Officer
Whole Time Director and Member of Audit Committee
Age: 53
Company Secretary
Professional Director, Director, Chairman of Audit Committee and Member of Shareholder/Investors Grievance Committee
Age: 79
Compensation as of Fiscal Year 2015.

Prashant India Ltd. Key Developments

Prashant India Ltd., Board Meeting, Aug 14, 2015

Prashant India Ltd., Board Meeting, Aug 14, 2015. Agenda: To consider quarterly results.

Prashant India Ltd. Approves the Appointment of Prashant Suresh Parekh as Chief Financial Officer

Prashant India Ltd. has informed that the Board of Directors of the Company at its meeting held on May 28, 2015, approved the appointment of Mr. Prashant Suresh Parekh as a Chief Financial Officer of the company.

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

Prashant India Ltd. announced audited 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 1.114 million against INR 1.128 million a year ago. Loss from operations before other income, finance cost and exceptional items was INR 1.619 million against profit from operations before other income, finance cost and exceptional items of INR 0.899 million a year ago. Profit from ordinary activities before tax was INR 6.041 million against INR 2.506 million a year ago. Net profit for the period was INR 6.041 million against INR 2.506 million reported a year ago. For the year, the company reported net sales/income from operations of INR 3.487 million against INR 4.057 million a year ago. Loss from operations before other income, finance cost and exceptional items was INR 8.252 million against INR 9.946 million a year ago. Loss from ordinary activities before tax was INR 0.598 million against INR 8.342 million a year ago. Net loss for the period was INR 0.598 million against INR 8.342 million reported a year ago.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
March 30, 2015
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