Prism Johnson Ltd

Prism Johnson Ltd's board approved raising up to ₹1,750 Crores through a combination of equity and debt instruments. This includes raising up to ₹500 Crores through equity shares and equity-linked instruments via various methods like public issue, private placement, or qualified institutions placement. Additionally, the company plans to raise up to ₹1,250 Crores through secured/unsecured redeemable non-convertible debentures on a private placement basis. Shareholder approval will be sought at the upcoming Annual General Meeting.

Prism Johnson Ltd has announced its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The Board of Directors approved the results in a meeting held on May 14, 2026, following the Audit Committee's recommendation. The statutory auditors, M/s. S R B C & Co. LLP, have issued an unmodified opinion on the audited financial results. The results are available on the company's website.

Prism Johnson Ltd has announced its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The Board of Directors approved the results at a meeting held on May 14, 2026, following the Audit Committee's recommendation. The statutory auditors, M/s. S R B C & Co. LLP, have issued an unmodified opinion on the audited financial results. The results and auditor's reports are available on the company's website.

Prism Johnson Ltd has scheduled a Board of Directors meeting on May 14, 2026, to consider and approve the audited financial results for the quarter and year ended March 31, 2026. The board will also consider a proposal for raising further capital through various means, including equity shares, convertible preference shares, debt instruments, and warrants. The trading window has been closed from April 1, 2026, until 48 hours after the board meeting results are made public.

Prism Johnson Ltd announced that Mr. Aaftaab Irani, Senior Vice President – Operations, QC & Engineering & Development (RMC), will cease to be a Senior Management Personnel of the Company. His departure is due to superannuation, effective from the close of business hours on April 30, 2026. This disclosure is made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Prism Johnson Ltd. has concluded arbitration proceedings with M/s Doosan Power Systems India Pvt Ltd following a settlement in a commercial dispute. An arbitral award pronounced on April 16, 2026, mandates Doosan to pay Prism Johnson ₹8,86,52,116 by May 27, 2026, to settle all claims and costs. The company had previously written off the claim amount but expects to recover a major portion, resulting in no adverse impact on its financial position.

Prism Johnson Ltd announced the appointment of Mr. Sanjaykumar Shivajee Roy as a Director and Whole-Time Director, designated as Executive Director & CEO (RMC). The appointment, approved by shareholders via postal ballot, is effective from March 2, 2026, for a period of three years. Mr. Roy brings over 33 years of experience in the Ready Mix Concrete and Construction Industry, having previously held leadership roles at ACC Limited and Aparna RMC. He is not related to any existing directors or key managerial personnel of the company and is not debarred from holding office by any regulatory authority.

Prism Johnson Ltd has divested its entire equity shareholding in three wholly owned subsidiaries: Venkataramiah Tile Bath Kitchen Private Limited, Samiyaz Tile Bath Kitchen Private Limited, and Tescon Buildcon Private Limited. The sale was completed on March 30, 2026, with consideration received amounting to Rs. 4,31,932 from Venkataramiah Tile Bath Kitchen Private Limited, Rs. 6,48,510 from Samiyaz Tile Bath Kitchen Private Limited, and Rs. 10,000 from Tescon Buildcon Private Limited. The buyers, Mr. Siddharth Khanna and Mr. Nitin Singrodia, are not part of the promoter/promoter group/group companies. This transaction is not a related party transaction and is not part of a Scheme of Arrangement.

Prism Johnson Ltd has informed the stock exchange about the receipt of an assessment order under Section 143(3) of the Income Tax Act, 1961, for the Assessment Year 2024-25. The order, passed by the Deputy Commissioner of Income Tax, Central Circle 6(1), Mumbai, raises a tax demand of Rs. 28,23,82,920 due to disallowance of certain expenses and other items in the assessment proceedings. The company is planning to appeal the order, and currently, they do not foresee any significant impact on their financials, operations, or other activities.

Prism Johnson Ltd has announced the closure of the trading window for the declaration of audited financial results for the quarter and year ended March 31, 2026. This closure is in accordance with the Code of Conduct for Prohibition of Insider Trading in the Securities of the Company. The trading window will remain closed from April 1, 2026 till 48 hours after the declaration of the audited financial results.