Prism Johnson Limited , a prominent player in the building materials industry, has announced the conclusion of an income tax survey conducted at its offices and manufacturing units. The survey, carried out under Section 133A of the Income Tax Act, 1961, has reportedly ended without any significant impact on the company's operations.

Survey Details

The income tax survey, which began on October 30, 2025, concluded on November 5, 2025, at 8:30 p.m. Throughout the proceedings, Prism Johnson Limited emphasized its full cooperation and assistance to the Income Tax Department.

Company's Statement

In its official communication to the National Stock Exchange of India Limited and BSE Limited, Prism Johnson stated:

"At present, there is no material impact on the business operations of the Company due to the aforesaid survey proceedings which requires disclosure under the Listing Regulations."

This statement suggests that the company does not anticipate any significant consequences from the survey that would affect its business operations or require further disclosure under SEBI regulations.

Regulatory Compliance

The company's prompt disclosure of the survey's conclusion aligns with its obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This transparency demonstrates Prism Johnson's commitment to keeping its stakeholders informed about significant corporate events.

Market Implications

While the survey's conclusion without material impact is likely to be viewed positively by investors, it's important to note that the full implications of such regulatory actions may take time to unfold. Stakeholders and market analysts will likely continue to monitor any potential follow-up actions or further disclosures from the company.

The timely and transparent communication from Prism Johnson Limited regarding this regulatory event underscores the importance of corporate governance and compliance in maintaining investor confidence in today's complex business environment.

Prism Johnson Limited , a prominent player in the Indian building materials industry, has announced the postponement of its scheduled board meeting following an ongoing Income Tax survey at some of its offices and manufacturing units. This development has raised questions about the company's financial practices and its potential impact on upcoming financial disclosures.

Income Tax Survey Details

The Income Tax Department officials visited Prism Johnson's premises to conduct a survey action under Section 133A of the Income Tax Act, 1961. The company has stated that it is providing full cooperation to the tax officials during the ongoing proceedings.

Impact on Board Meeting and Financial Results

As a result of this survey, Prism Johnson has been forced to reschedule its Board of Directors meeting, which was originally set for October 31. The meeting was intended to consider and approve the following:

• Standalone unaudited financial results for Q2 and H1
• Consolidated unaudited financial results for Q2 and H1

The company has not yet announced a new date for the board meeting but has assured stakeholders that it will inform about the revised schedule in due course.

Business Operations and Trading Window

Despite the ongoing survey, Prism Johnson has emphasized that there is currently no material impact on its business operations. However, as a precautionary measure, the trading window for dealing in company securities remains closed. This closure, which began on October 1, will continue until 48 hours after the declaration of the unaudited financial results.

Key Points Summary

Prism Johnson's management has assured full cooperation with the tax authorities and promised to make necessary disclosures in accordance with SEBI Listing Regulations if any material updates arise from the survey proceedings.

As this situation unfolds, investors and stakeholders will be keenly watching for further developments and their potential implications on Prism Johnson's financial health and market position.