Prism Johnson Limited reported that the Maharashtra State Pollution Control Board (MPCB) has forfeited a bank guarantee of ₹10 Lakhs due to alleged non-compliance with consent conditions at its Runwal Thane captive RMC Plant. The company received a communication from Kotak Mahindra Bank Limited on July 17, 2026, regarding the MPCB's direction to the bank to encash the guarantee. This financial penalty follows a site visit conducted by the authority, though the company stated it has not received any direct communication from the MPCB concerning the alleged violations.

The company disclosed that the immediate financial impact is limited to the encashment value of the bank guarantee. Management further stated that there is no material impact on the business operations or any other activities of the company resulting from this forfeiture. The intimation was submitted to the exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Details of the Regulatory Action

The following table outlines the specific details regarding the invocation of the bank guarantee as provided in the regulatory filing:

Prism Johnson Limited has completed the sale of its shareholding in Raheja QBE General Insurance Company Limited to QBE Holdings (AAP) Pty Limited. The transaction concluded after the close of normal trading hours on 1 July 2026, following the fulfillment of conditions precedent including regulatory and shareholder approvals. Consequently, Raheja QBE General Insurance Company Limited has ceased to be a subsidiary of the company with effect from 1 July 2026.

The completion of the sale marks the end of the company's joint venture with Australia's QBE Group in the general insurance business in India. The shareholders' agreement between Prism Johnson Limited and QBE has also been terminated as part of this transaction. The deal was initially disclosed to the exchanges on 2 March 2026 under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Transaction Details

The share purchase agreement for the proposed transaction was executed on 2 March 2026. The completion of the deal was contingent upon receiving approval from the Insurance Regulatory and Development Authority of India and the shareholders of the company. All requisite details regarding the transaction were previously provided in the Postal Ballot Notice filed with the exchanges on 18 March 2026.

The disclosure was submitted to the National Stock Exchange of India Limited and BSE Limited by Shailesh Dholakia, Company Secretary & Compliance Officer of Prism Johnson Limited.