Prism Johnson Limited (PRSMJOHNSN) — Announcement

· NSE Neutral
📢 Key Event
Company faces bank guarantee forfeiture over alleged consent violations
💡 Investor Takeaway
The forfeiture involves only ₹10 Lakhs with no material business impact, suggesting limited investor concern.
⚠️ Risks
Potential regulatory scrutiny of compliance processes

Prism Johnson Limited disclosed that the Maharashtra State Pollution Control Board directed Kotak Mahindra Bank to forfeit a ₹10 Lakhs bank guarantee over alleged consent condition violations at its Runwal Thane RMC Plant, though the company states it never received formal notice of non-compliance and confirms no material operational or financial impact beyond the ₹10 Lakhs encashment.

📄 View Original Announcement (PDF)

About Prism Johnson Limited (PRSMJOHNSN)

Construction Materials · Cement & Cement Products · Listed on NSE

Market Cap: ₹6,409.74 Cr P/E: -60.4

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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