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Outcome of board meeting of Prakash Woollen Mills

Prakash Woollen Mills announced that the Board of Directors of the Company at its meeting held on 18 July 2015, has considered and approved the making of an application for change of name of the company as approved by shareholders through postal ballot and result of which was declared on 10 July 2015 on among other things:

1. Change in the Object Clause

2. Change in the Name of the Company with consequential amendments to the Memorandum and Articles of Association of the Company

3. Approval of Section 180 (1] (c)- Borrowing Powers 180 [1) [c]

4. Approval of Section 180 (1) [a] - Mortgaging/ Charging Of Immovable/ Movable Properties of the Company.

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