Proxhyle cinerascens is a moth in the family Erebidae. It was described by Hervé de Toulgoët in 1959.
It is found in Andasibe, Madagascar. This species has a wingspan of 14–15 mm, strongly bipectinated antennae in the male. The forewings are greyish with blackish spots, hindwings yellowish orange, bordered broadly with brown.Toulgoët, H. de (1959). "Description d'Arctiidas nouvelles de Madagascar (10e note) (Lep.)". Annales de la Société Entomologique de France. 128: 139.
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