Prism Johnson Limited has announced the retirement of a senior management personnel due to superannuation. The company formally communicated this change to stock exchanges on April 30, 2026, in compliance with regulatory requirements.

Senior Management Personnel Change

Mr. Aaftaab Irani, who served as Senior Vice President - Operations, QC & Engineering & Development (RMC), ceased to be Senior Management Personnel of the company effective April 30, 2026. The cessation occurred due to Mr. Irani attaining the age of superannuation and demitting office from the close of business hours on the specified date.

Regulatory Compliance and Disclosure

The announcement was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company provided comprehensive details as required under the regulatory framework, referencing SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Stock Exchange Communication

Prism Johnson Limited formally communicated this information to both the National Stock Exchange of India Limited (NSE) and BSE Limited. The disclosure letter was digitally signed by Shailesh Dholakia, Company Secretary & Compliance Officer, on April 30, 2026, at 18:31:46 +05'30'.

The company included a detailed annexure providing specific information required under Regulation 30 of the SEBI LODR, demonstrating adherence to corporate governance standards. This formal disclosure ensures transparency with stakeholders regarding changes in the senior management structure and maintains compliance with listing obligations.

Prism Johnson Limited has successfully concluded arbitration proceedings with M/s Doosan Power Systems India Pvt.Ltd., securing a favorable award of Rs 8,86,52,116 following the settlement of a commercial dispute. The company disclosed this development under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Arbitration Award Details

The oral arbitral award was pronounced on April 16, 2026, at New Delhi, marking the conclusion of ongoing arbitration proceedings between the parties. The written and signed arbitral award was subsequently received by the company from its advocates via email on April 23, 2026, at 2:35 p.m.

Settlement Terms and Payment Schedule

Under the arbitral award terms, M/s Doosan Power Systems India Pvt.Ltd. is required to pay the awarded amount of Rs 8,86,52,116 by May 27, 2026. This payment will discharge all claims, counter claims, interest, and costs raised by both parties during the dispute resolution process.

The settlement represents a comprehensive resolution of the commercial dispute, with the arbitral tribunal ruling in favor of Prism Johnson Limited after considering all aspects of the case.

Financial Impact Assessment

The company has clarified that this arbitration award will not adversely impact its financial position. Prism Johnson had previously written off the claim amount in earlier years as part of its accounting practices. The successful recovery of the major portion of its claim through this arbitral award represents a positive development for the company's financial recovery.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company provided detailed information in accordance with SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, ensuring full regulatory compliance.

The arbitration settlement demonstrates Prism Johnson's commitment to resolving commercial disputes through appropriate legal channels while protecting its financial interests and maintaining transparency with stakeholders.