October 20, 2017 3:29 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 is involved in manufacturing job work of sized yarn beams and texturizing of yarns. It also engages in the wind power generation business. The company was formerly known as Prashant Proteins Ltd and changed its name to Prashant India Limited in 1995.Prashant India Ltd was incorporated in 1983 and is based in Surat, India.

Palsana Char Rasta

Block No. 456

N.H. 8

Palsana

Surat,  394315

India

Founded in 1983

Phone:

91 93 7505 5557

Key Executives for Prashant India Ltd.

Chairman & MD
Age: 69
Chief Financial Officer
Whole Time Director
Age: 55
Company Secretary
Compensation as of Fiscal Year 2017.

Prashant India Ltd. Key Developments

Prashant India Ltd. Appoints Gheewala & Co. as Auditors

Prashant India Ltd. at the AGM held on September 29, 2017 approved the appointment of Gheewala & Co. as auditors.

Prashant India Ltd. Announces Unaudited Standalone Earnings Results for the First Quarter Ended June 30, 2017

Prashant India Ltd. announced unaudited standalone earnings results for the first quarter ended June 30, 2017. For the quarter, the company reported total income was INR 4.511 million compared to INR 3.071 million a year ago. Profit before exceptional items and tax was INR 0.165 million compared to INR 0.108 million a year ago. Profit before tax was INR 0.165 million compared to INR 0.108 million a year ago. Profit for the period was INR 0.165 million compared to INR 0.108 million a year ago. Basic and diluted earnings per equity share (not annualized) was INR 0.04 compared to INR 0.07 a year ago.

Prashant India Ltd., Annual General Meeting, Sep 29, 2017

Prashant India Ltd., Annual General Meeting, Sep 29, 2017, at 11:00 Indian Standard Time. Location: at the registered office of the company situated at Block No.456, National Highway No. 8 Palsana Char Rasta, Palsana, Taluka-Palsana Surat India Agenda: To consider and adopt the Audited Financial Statement of the Company for the financial year ended March 31, 2017, along with the Board of Directors Report and Auditors Report thereon; to appoint a Director in place of Shri. H. B. Malvia who retires by rotation and being eligible, offers himself for reappointment; to consider appointment of Auditors and fix their remuneration; and to consider other matters.

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