Prism Johnson Limited's Board of Directors has formally approved the sale of its office premises to Windsor Realty Private Limited for a consideration of ₹165.91 crores. The board meeting held on December 18, 2025, ratified this significant asset divestment transaction, which has been classified as a related party transaction.

Board Meeting and Transaction Approval

The board meeting commenced at 10:00 a.m. and concluded at 10:30 a.m., during which directors approved the sale of office premises located at Windsor, 7th Floor, CST Road, Kalina, Vidyanagari, Santacruz (East), Mumbai-400098. The transaction includes the office space along with terrace area and designated car parking space, being sold on an "as is where is" basis.

Property and Transaction Details

The office premises being sold encompasses the entire 7th floor space at the Windsor building, strategically located in Santacruz East, Mumbai. The sale includes additional amenities such as terrace area access and designated car parking spaces, making it a comprehensive real estate transaction.

Related Party Transaction Structure

The transaction qualifies as a related party deal due to the connection between the buyer and company leadership. Windsor Realty Private Limited is an entity where Mr. Akshay Raheja, a Director of Prism Johnson, serves as both Director and shareholder. Additionally, Mr. Rajan Raheja, being a relative of Mr. Akshay Raheja, is deemed to be interested in the transaction.

Regulatory Compliance and Timeline

The company has disclosed the transaction under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring full regulatory compliance. The sale deed execution is scheduled to be completed on or before December 31, 2025, providing a clear timeline for transaction closure.

Prism Johnson Limited , a leading building materials company, has secured a significant legal victory in a case concerning concessional diesel procurement. The Madhya Pradesh High Court at Jabalpur has ruled in favor of the company, directing authorities to issue Form C for concessional diesel procurement from July 2017 to March 2021.

Key Points of the High Court Order

• The court has allowed Prism Johnson's writ petition against the Sales Tax Authorities' action.
• Authorities are directed to issue Form C to the petitioners under Section 8(3)(b) of the Central Sales Tax Act, 1956.
• Any amount collected from the petitioners is to be either refunded or adjusted against future liability.

Financial Implications

The differential amount of sales tax paid by Prism Johnson during the period from July 2017 to March 2021 is expected to be either refunded or adjusted against the company's future tax liability. The company has stated that there will be no adverse impact of this order on its financial, operational, or other activities.

Company's Financial Position

While this legal victory is expected to have a positive impact, it's worth noting Prism Johnson's recent financial position based on its balance sheet data:

The company's balance sheet shows a slight decrease in total assets, but an increase in total equity, indicating improved financial stability. The reduction in current liabilities also suggests better short-term financial health.

Conclusion

This legal victory for Prism Johnson Limited is expected to have a positive financial impact, potentially strengthening its cash flow position through tax refunds or adjustments. As the company continues to navigate the competitive building materials sector, this development may contribute to its financial resilience and operational flexibility.