Prism Johnson bank guarantee of ₹10 Lakhs forfeited by MPCB

1 min read Updated on 18 Jul 2026, 03:47 PM

Reviewed by

Ashish TScanX News Team

AI Summary

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.

*this image is generated using AI for illustrative purposes only.

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:

Sr. No.	Particulars	Details / Disclosures
1	Name of the Authority	Maharashtra State Pollution Control Board (MPCB)
2	Nature and details of the action(s) taken	MPCB's direction to the Kotak Mahindra Bank Limited for forfeiture of Bank Guarantee amounting to ₹10 Lakhs submitted by the Company as part of its consent conditions. The Company has not received any communication from the Maharashtra State Pollution Control Board for such alleged non-compliance of consent conditions.
3	Date of receipt of direction or order	Communication received from Kotak Mahindra Bank Limited on July 17, 2026.
4	Details of the violation(s) / contravention(s) committed	MPCB has forfeited the Bank Guarantee of ₹10 Lakhs citing alleged non-compliances of consent conditions observed during a site visit conducted at Runwal Thane captive RMC Plant of the Company.
5	Impact on financial, operation or other activities	The immediate financial impact is limited to the encashment value of Bank Guarantee of ₹10 Lakhs. There is no material impact on the business operations or any other activities of the Company due to the aforesaid Bank Guarantee invocation / forfeiture.

Historical Stock Returns for Prism Johnson

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.05%	-1.88%	-8.88%	-14.84%	-32.76%	-21.14%

Does the forfeiture of the bank guarantee indicate a shift toward stricter enforcement of environmental compliance in Maharashtra's construction sector?

Could this regulatory action trigger similar reviews or penalties for Prism Johnson's other manufacturing facilities?

How might the company address the alleged non-compliances without direct communication from the MPCB to prevent further penalties?

Read Next Article

Prism Johnson publishes 34th AGM notice in newspapers

1 min read Updated on 18 Jul 2026, 09:26 AM

Reviewed by

Naman SScanX News Team

Add as a preferred
source on Google

AI Summary

Prism Johnson Limited published the notice for its 34th Annual General Meeting in newspapers on July 17, 2026. The meeting is scheduled for August 7, 2026, via video conference, with the record date set as July 31, 2026. The Annual Report for FY26 has been dispatched electronically to shareholders.

*this image is generated using AI for illustrative purposes only.

Prism Johnson Limited has informed the stock exchanges regarding the publication of its 34th Annual General Meeting (AGM) notice in newspapers. The notice was published in Business Standard (all India editions) and Nava Telangana (Telangana editions) on July 17, 2026. This publication informs shareholders about the AGM scheduled for Friday, August 7, 2026, which will be conducted through Video Conference (VC) or Other Audio Visual Means (OAVM).

The AGM is set to commence at 4:30 p.m. IST. In compliance with circulars from the Ministry of Corporate Affairs and the Securities and Exchange Board of India (SEBI), the facility allows shareholders to participate remotely without physical presence. The Annual Report for the financial year 2025-26, including the Notice of the AGM and audited financial statements, has been dispatched electronically to members with registered email addresses. Physical letters containing the web-link to access the report are being sent to those without registered email addresses.

The documents are also available on the official website of Prism Johnson Limited at www.prismjohnson.in , the websites of BSE Limited and National Stock Exchange of India Limited, and on the website of its Registrar & Transfer Agent, KFin Technologies Limited, at evoting.kfintech.com. Shareholders holding shares as of the cut-off date, Friday, July 31, 2026, are entitled to vote and participate in the meeting.