Prakash Woollen & Synthetic Mills Limited announced that the members of Finance Committee in its meeting held on November 23, 2021 approved partial modification of the expansion project, the project cost will increase by INR 99.8 million which will be partly financed by a new term loan of INR 50 million, INR 20 million from Promoters as unsecured loan and balance from internal accruals. The members of Finance Committee also taken note of the sanction letter of State Bank of India dated November 22, 2021 of sanctioning additional term loan of INR 50 million. The said loan will carry interest 09.15% p.a. repayable in 60 monthly installments commencing from April, 2023.