Prism Johnson Limited has received a penalty order from the Central Goods & Service Tax Commissioner regarding alleged irregularities in Cenvat Credit availment from over a decade ago. The company disclosed this development to stock exchanges on March 2, 2026, in compliance with regulatory requirements.

Penalty Details and Background

The penalty order was issued by the Office of the Commissioner of Central Goods & Service Tax & Central Excise, Jabalpur, dated February 25, 2026. The company received the order via email on March 2, 2026.

Company's Response and Next Steps

Prism Johnson Limited has announced its intention to file an appeal against the penalty order. The company is exercising its legal right to challenge the Commissioner's decision through the appropriate appellate channels.

The company has specifically stated that the penalty will have no material impact on its financial position, operational activities, or other business functions. This assessment suggests that the penalty amount, while significant in absolute terms, is manageable within the company's current financial framework.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates listed companies to inform stock exchanges about material events that could impact investor decisions.

The communication was addressed to both the National Stock Exchange of India Limited and BSE Limited, where the company's shares are listed under the codes PRSMJOHNSN and 500338 respectively. The disclosure was signed by Shailesh Dholakia, Company Secretary and Compliance Officer of Prism Johnson Limited.

Prism Johnson Limited has authorized six Key Managerial Personnel to determine the materiality of information, transactions, or events for regulatory disclosure purposes. The authorization, effective from March 2, 2026, ensures compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Authorized Personnel for Materiality Determination

The Board of Directors has empowered the following Key Managerial Personnel to assess and determine materiality for disclosure to stock exchanges pursuant to Regulation 30(5) of SEBI regulations:

Contact Information and Communication

For investor-related communications and regulatory disclosures, the company has provided contact details for Mr. Vijay Aggarwal, Managing Director. The designated contact numbers are +91-22-66754142 and +91-22-66754143, with the email address investor@prismjohnson.in for investor communications.

Regulatory Compliance Framework

This authorization follows the company's earlier disclosure regarding the appointment of Key Managerial Personnel made on March 2, 2026. The move strengthens the company's regulatory compliance framework by clearly defining the authority structure for materiality assessment and disclosure obligations.

The company has confirmed that these details have been uploaded on its official website www.prismjohnson.in , ensuring transparency and accessibility for stakeholders. The disclosure was signed by Company Secretary and Compliance Officer Shailesh Dholakia on March 2, 2026.