PRAKASH WOOLLEN & SYNTHETIC MILLS LTD. (formerly known as Prakash Woollen Mills Limited)

Manu1acturers, Exporters & Importers of High Class Mmk Blankets

Regd. Office & Works : 18th KM. Stone Delhi Moradabad Road, NH-24, Viii. Amhera PO. Chaudherpur, Distt. Amroha - 244 102 U.P.

Date: 30.01.2017

The Manager

CIN: L 17291UP1979PLC004804 • Tel:0591-2223008, 2223018 •Fax: 0591-2223009

H. 0. & Mailing Address : 430, Civil Lines, Kanth Road, Moradabad - 244001 U.P. (India)• Mob.: 9837007288

E-mail : info@prakashwoollen.com • Website : www.prakashwoollen.com

Department of Corporate Relationship

BSE Limited

Phiroze Jeejeebhoy Towers

Dalal Street, Mumbai- 400001 SCRIPCODE: 531437

SCRIP ID- PWASML

SUB:- NEWS PAPER CUTTING OF NOTICE OF BOARD MEETING FOR APPROVAL OF UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 31st December, 2016.

Dear Sir,

Please find enclosed copy of newspaper cutting of Notice of Meeting of Board of Directors to consider and approve the Un-audited Financial Result for the Quarter ended 31st December,

2016 published in:

A. Pioneer dated 29.01.2017 (English Daily)

8. Hindustan dated 29.01.2017 (Hindi Daily)

Please take on record.

Thanking you,

Yours faithfully,

FOR PRAKASH WOOLLEN & SYNTHETIC MILLS LIMITED

(Shivangi Agarwal)

Company Secretary & Compliance Officer

Membership No.: A36854

Encl: as above

Branch Office: 4, Baba Ganpapuri Road Opp. Panipat Gas Agency, Panipat -132103 •Tel: 0180-4007912

moneywise 08NEW DELHI | SUNDAY | JANUARY 29, 2017

{usp}The UnionMinister forFinance andCorporate Affairs,Arun Jaitleydelivering theinaugural address,at the InvestitureCeremony 2017and InternationalCustoms Day2017, organisedby the CentralBoard of Exciseand Customs(CBEC), in NewDelhi on the lastFriday.

DG of CRPF, K Durga Prasad, inaugurated the111 feet monumental National Flag on Saturdayat Group Centre, CRPF, Gurgaon. It is the tallestNational Flag in any CAPFs/Police Campus inIndia. The size of the National Flag is 20 x 30feet and the mast weighs 110 tons. The Flagilluminated by floodlights as per protocol. Thiswill motivate and attract force personnel and willinculcate national pride among them. The DGalso named 3 roads in the name of martyrsShaheed Sub Inspector Pradeep Yadav Marg,Shaheed Head Constable Rohtash Singh Margand Shaheed Constable Sunil Kumar Marg. TheDG also opened the Prepaid Electric Meter forfamily quarters and E-Rickshaw service for CRPFfamily and visitors. He laid down stone for type-II, Type-III, Type-IV & Type-V family quarters.Besides this, mushroom farming, Honey-beefarming, Vermi-compost production by familywelfare centre were also inaugurated by the DG.

INDIAN COAST GUARD EVACUATES SICK INDIAN CREW SUCCESSFULLYEvacuation of patient from mid-sea by Indian Coast Guard (ICG) living up to its motto,Vayam Rakshamah (we protect), ICG successfully undertook medical evacuation ofsick Indian crew from merchant ship Panamax-4 from approx 50 km into the Bay ofBengal, while the ship was en route to Paradip. The maritime rescue sub-centre of ICG,Vizag received the request to evacuate 26-year-old ailing crew Ishitiyak Ahmed, whorequired urgent medical help as his condition was deteriorating fast. ICG ship Arnveshon routine mission was diverted to R/V the vessel. Simultaneously, coast guard Chetakhelicopter was launched from Vizag. Despite the prevailing visibility being very low, ICG

helicopter piloted by commandant R Ramesh took calculated risk and skillfully landed it onboard of the merchant vessel. Thepatient was safely evacuated to Vizag and admitted in Seven Hills Hospital by the local agent. His condition is reported to bestable. It may be noted that the ICG is the nodal agency for undertaking maritime search and rescue operations in Indian EEZ.The service which will be completing 40 years on 1st Feb, 2017 has been highly instrumental in executing its mandatedcharter. The ICG since inception to its credit has saved more than 4696 lives and 238 medical evacuations.

The Union Ministerfor Human ResourceDevelopment,Prakash Javadekarlighting the lamp toinaugurate theBrahmaputraLiterary Festival, inGuwahati onSaturday. The ChiefMinister of Assam,SarbanandaSonowal and BaldeoBhai SharmaChairman NBT arealso seen.

LOKESH NARAYAN, (CHIEF ELECTRICAL ENGINEER OF NCR, ALLAHABD) HAS TAKEN OVERCHARGE OF ADDITIONAL GENERAL MANAGER, NFR (OPEN LINE)

Narayan an officer of 1980 batch of IRSEE (Indian Railway Service for Electrical Engineer)graduated in Electrical Engineering from Indian Institute of Technology, Roorkee joined the IndianRailway Service of Electrical Engineers (IRSEE) in 1980. Narayan held several importantassignments in the Ministry of Railways. He was the Additional Divisional Railway Manager inBombay Central of Western Railway. He worked as Divisional Railway Manager in Ratlam Division ofWestern Railway from 2011 to 2013, Chief Electrical Engineer in Central Organisation of RailwayElectrification at Allahabad from 2014 to 2016 and then as Chief Electrical Engineer of North Central

Railway, Allahabad till his present assignment. Narayan has obtained the training in 3-Phase Locomotives at ASEASweden and at ABB, Switzerland. Moreover, he is also trained up in 3-Phase EMUs at Siemens, Australia and Germany.

President Ladies Club,Yogamaya Acharya, andSneha Opportunity Schoolof Neyveli, distributingPoshak Food packets andSweets to HIV +ve Childrenduring her visit to theVridhhachalam on Saturday.Also seen are, J Peter JamesGM/CSR, BalachandarAEE/CSR and, members ofNeyveli Ladies Club.

Present, CRPF Family Welfare Association,Sujatha Prasad, and DG, CRPF, K DurgaPrasad, handed over keys to 3 Raffle Drawlucky winners HC/GD Dinesh Kumar ofRoyal Enfield Bullet, CT/GD Lal BahadurSingh of Hero Glamourr and RT/GD VijayKumar Dhamy of Honda Activa on the lastFriday at CRPF Head Quarter, New Delhi.Shalu Lakhtakia, Vice President, CWA, PritiAnand, Treasure, CWA, Rupinder Kour,Secretary, CWA, RP Singh, ADG, (HQ) andArun Kumar, IG (Adm) were also present onthe occasion. The Raffle Draw wereorganises between 14-16/10/2016 duringCRPF Annual Welfare Exibition-2016.

It is an exclusive research-based listing of brands and leaders from across Asia, process reviewed by - PricewaterhouseCoopers. SaveethaUniversity has been recognised as Asia's greatest brands 2016 and, NM Veeraiyan, Chancellor, Saveetha University has been felicitatedwith prestigious - Global Asian of the Year 2016 - Lifetime Achievement Award for his contribution to the society and the education sector.Many dignitaries, educationists, industrialists, business and brand owners from various sectors across Asian region were present in thesummit. The summit included panel discussions, key note speeches and presentations. It was a mega summit of its kind.

NTPC of Faridabad celebrated 68th R-Day. Employees, their familymembers, CISF, associated agencies gathered on the occasion.Chandan Chakraborty, GM and Chief Guest hoisted National flagand National Anthem was sung by all. In his address to thegathering, Chakraborty congratulated everyone and highlightedthe achievements of the company and NTPC Faridabad. He alsogave GM meritorious Awards to outstanding employees.

Minister of Railways, Suresh Prabhakar Prabhu, had an interactivesession on Good Governance with the media persons, businessmen,prominent citizens and other stakeholders at Chintan Bhavan, Gangtokrecently. He enumerated physical and emotional connectivity, people'sparticipation in planning process, having a vision for the future andplanning in advance as the important aspects of Good Governance.

MADHUSUDAN SAHOO n NEW DELHI

The renowned economistshave suggested that true

policy-making is required toaddress market failure, improveefficiency and equity in thesociety in the quest of improv-ing policy reforms for thegrowth of the country.

“The State is most powerfulactor in any modern society andit can potentially pursue manyobjectives. In liberal democra-cies, the main purpose of eco-nomic policies is to addressmarket failures, in increasing thegrowth of efficiency and toimprove equity or distribution-al outcomes,” former Finance

Secretary and economist VijayKelkar said, while addressing thefifth CD Deshmukh lecture onFriday night here.

Defining the failures, Kelkarsaid that there are four kinds offailures - externalities (for exam-ple, pollution from vehicle emis-sions), asymmetric information(the buyers of medicine cannotknow if the medicine is sub-standard quality), market power(a few private firms create a car-tel) and public goods (the crim-inal justice system).

Besides, Kelkar also focussedon taxation including Goods andService Tax (GST), incentives,subsidy and many other issues inhis deliberations. With regard to

taxation Kelkar said, it should bestable and simple which givesinvestors confidence to invest.He also advocated a single GSTrate as it is simple to adminis-ter.

“So simplicity is the firstmantra of policy making andright sequencing is anotherimportant pillar of policy-mak-ing. For example, exchange ratereform preceded trade reformsduring the liberalisation and itsucceeded,” he said.

Citing another example ofpolicy-making, he said that it isimpossible to get any estimate ofthe magnitude and type of skillgaps that need to be addressedby policy. "Appropriate and

timely data will encourageresearch and creation of knowl-edge that can be used to devel-op contextual policy prescrip-tions,” he said, adding that datapoverty is particularly accuratewhen it comes to policymakingat the state or local levels.

Former RBI Governor andwell-known economist BimalJalan, who was present in thelecture, also threw the light onthe recent note ban issue, say-ing that demonetisation in-principle was a good move ofthe Government to eliminateblack money, but in terms ofconsequences it did not work.

“Demonetisation, in termsof the principle of it, nobody

can object to black moneybeing tapped, or if demoneti-sation is being done to makesure that black money hoard-ers declare their money. But interms of the consequences,you can see that it didn’t work,”he said at the event, adding thatnow if it didn’t work, then wehave to make sure what is itthat we can do in its placewhich can actually work.

Noting that there is astructural issue in policy-making, Jalan said, policy ismade by politicians and exe-cuted by the administrativesystem and policymakingshould be flexible and respondto change in circumstances.

�Policymaking needs to address marketfailure, improve efficiency, equity in society'

PTI n VISAKHAPATNAM

As many as 665 pacts worthabout `10.5 lakh crore,

spanning across sectors such asoil & gas, healthcare and min-ing, were signed during the twoday Andhra Pradesh invest-ment summit.

Addressing investors atthe end of the summit onSaturday, Andhra PradeshChief Minister ChandrababuNaidu promised ‘transparentand corruption free’ adminis-tration as he invited industriesto invest in the state.

He said as many as 665memoranda of understanding(MoUs) worth `10.5 lakh crorewere signed during the summitwhich has a potential to gener-

ate 22 lakh new jobs. Theinvestment commitments weredouble the ̀ 4.67 lakh crore thathad come in through 320 MoUsat last year’s summit. “After youhave signed the MoUs, it is nolonger your business, it is ourbusiness. All clearances will be

given within 14 days. I will offeryou transparent and corruptionfree administration,” Naidu toldinvestors. He said the oil andgas industry has signed MoUsworth `1.43 lakh crore and thestate can become a hub of hydro-carbons and petrochemicals.

Industries ink `10.5L-crinvt pacts with Andhra

NEW DELHI: State-runEnergy Efficiency Services Ltd(EESL) on Saturday inked pactsworth `24,700 crore withAndhra Pradesh for energyefficiency and solar projects inthe state. The execution of pro-jects through the pacts will helpthe state reduce consumption ofpower and add over 80,000jobs, EESL said in a statement

here. EESL said it will distrib-ute energy efficient domesticappliances like LED bulbs,LED tubelights and 5-star ratedfans under the Unnat Jeevan byAffordable LEDs andAppliances for All (UJALA)scheme. Andhra Pradesh wasthe first state to execute theUJALA programme for LEDbulbs in 2015. PTI

EESL to park `24.7k-cr for energy conservation

MUMBAI: Engineering majorLarsen & Toubro (L&T), whichon Saturday reported a 38.85 percent increase in consolidatednet profit at `972 crore for theDecember quarter, has pared itsrevenue and order-book targetsto 10 per cent from 12-15 it hadset in the beginning of the year,citing a slew of external anddomestic headwinds. The infra-structure conglomerate’s totalincome from operations inchedup to ̀ 26,286.98 crore during thequarter under review, from`25,928.07 crore a year ago.

“During the beginning of thefinancial year we had given aguidance of 12-15 per centgrowth in both order inflow aswell as revenue. But looking atthe current situation and con-sidering the several headwindsthe sector is facing, we have low-ered the targets to 10 per cent,”group chief financial officer R

Shankar Raman told reportershere. But he was quick to add thatgiven the execution challenges onthe ground, the company doesnot expect substantial improve-ment in the next couple ofmonths. Explaining the execu-tion challenges, he said “there arechallenges of right-of-way, landacquisition, regulatory clear-ances, shifting of utilities, amongothers.

We do not expect these tochange soon so such head-winds will continue to be a chal-lenge. Apart from this liquidi-ty and unwillingness of theclients to make payments ontime are also impacting busi-ness,” Raman said. He based the10 per cent optimism to thefourth quarter which normallyis a busy season for the sector asGovernment departments willbe using up their annual budgetsin the March quarter. PTI

L&T Q3 net up 39%Cuts revenue, order-book guidance to 10%

NEW DELHI: Squarely puttingthe blame for collapse ofKingfisher Airlines KFA) onthe then Government’s policiesand economic conditions,troubled liquor tycoon VijayMallya has said public fundswere used to bail out state-owned Air India, but not thethen ‘largest domestic airline’.

Defending himself in astring of tweets, Mallya said allhe sought was help related topolicy change and not loans,questioning ‘public funds givento Air India’. “KFA collapsedwith oil at $140 per barrel andstate sales tax on top rupeedevaluation. No FDI enginefailures. Economic depression.Need more?” he asked in atweet. He further said: “AndKFA being the largest domesticairline was the worst hit.Government bailed out Air

India, but did not bail out KFA.So much for ‘favours’.” Mallyasaid he sought policy changesthat he did not get, which hurthis airlines.

He tweeted that he ‘beggedfor help’ and not for loans, butpolicy changes - declaredgoods status for fuel, flat rateof state sales tax instead of advalorem, FDI. Claiming thatKFA is “India’s largest andfinest airline”, he said, “It sadlyfailed purely due to econom-ic and policy situations.

I am humble enough to saysorry to employees and all stake-holders everyday. I really wishGovernment helped.” Claimingthat his core alcohol businesseswere ‘severely controlled’ by thegovernment, Mallya said he‘was not allowed to even down-size KFA due (to) employmentand connectivity’. PTI

BEGGED FOR HELP, NOTLOANS, SAYS MALLYA