Prism Johnson Limited has concluded the postal ballot proceedings seeking shareholder approval on three key matters, which ended on April 17, 2026. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, following an initial announcement on March 2, 2026.

Resolutions Put to Vote

The company sought shareholder approval through postal ballot on the following matters:

• Divestment of the Company's entire shareholding of 51% in Raheja QBE General Insurance Company Limited, a material unlisted subsidiary of the Company
• Appointment of Mr. Sanjaykumar Shivajee Roy (DIN: 10174959) as Director of the Company, liable to retire by rotation
• Appointment of Mr. Sanjaykumar Shivajee Roy (DIN: 10174959) as Whole-time Director, designated as Executive Director & CEO (RMC) of the Company

E-Voting Process Details

The remote e-voting facility was provided by KFin Technologies Limited, the Registrar & Transfer Agent of the company. Ms. Savita Jyoti of M/s. Savita Jyoti Associates, Practising Company Secretary, Hyderabad, was appointed as the Scrutiniser to ensure the postal ballot process was conducted in a fair and transparent manner.

The Postal Ballot Notice was sent through electronic mode only to shareholders whose email addresses were registered with the company or its Registrar & Transfer Agent/Depositories/Depository Participants as on the cut-off date. Shareholders holding equity shares in physical or dematerialised form as on the cut-off date were entitled to vote on the resolutions through remote e-voting only.

Next Steps

The Scrutiniser will submit her report on the postal ballot through remote e-voting within two working days from the conclusion of the remote e-voting period. The company will separately intimate the voting results along with the Scrutiniser's Report to the stock exchanges. The results will also be uploaded on the company's website and KFin Technologies Limited's website, and displayed at the registered office and corporate office of the company.

Prism Johnson Limited has completed the divestment of its entire equity shareholding in three wholly owned subsidiaries on March 30, 2026. The company informed stock exchanges about this corporate restructuring move under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Subsidiaries Divested

The three companies that ceased to be wholly owned subsidiaries of Prism Johnson Limited with effect from March 30, 2026 are:

• Venkataramiah Tile Bath Kitchen Private Limited (formerly TBK Venkataramiah Tile Bath Kitchen Private Limited)
• Samiyaz Tile Bath Kitchen Private Limited (formerly TBK Samiyaz Tile Bath Kitchen Private Limited)
• Tescon Buildcon Private Limited (formerly TBK Rangoli Tile Bath Kitchen Private Limited)

Financial Impact and Consideration

The divested subsidiaries had minimal financial contribution to the parent company's consolidated performance as on March 31, 2025:

All three subsidiaries reported zero revenue contribution to consolidated turnover, with their combined networth representing less than 0.01% of consolidated networth.

Transaction Details

The sale transactions were completed on March 30, 2026, with the company receiving a total consideration of Rs. 10.98 lakh across all three subsidiaries. The buyers are:

Key Buyer Profiles

Mr. Siddharth Khanna: An entrepreneur with MBA in Business Management, operating in the real estate sector developing residential and commercial projects in Navi Mumbai and surrounding areas under the brands Vishwa Green and TESCON.

Mr. Nitin Singrodia: A qualified Chartered Accountant with over 20 years of post-qualification experience in corporate financial planning, strategy, operations, governance, risk management, and capital structuring across sectors including gems & jewellery, building materials, and agriculture & infrastructure.

Regulatory Compliance

The transaction has been confirmed as a non-related party transaction, with both buyers having no connection to Prism Johnson's promoter group or group companies. The divestment was executed at arm's length and falls outside any scheme of arrangement, ensuring full compliance with regulatory requirements.

The company secretary Shailesh Dholakia signed the regulatory filing, confirming completion of all necessary disclosure requirements under SEBI regulations.