Prism Johnson Limited — Others, 28-01-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Prism Johnson has announced a board meeting to evaluate the implications of a recent tax ruling that resulted in a refund of ₹128.10 Cr, including ₹58.92 Cr in tax and ₹69.18 Cr in interest. This refund stems from favorable decisions by the Commissioner of Income Tax for assessment years 2007-08, 2008-09, and 2010-11, which overturned previous assessments. The development is likely to enhance the company’s financial health, reflecting positively on cash flow and potentially boosting investor sentiment. Positive outlook ahead as the company moves to integrate this into its financial results for the quarter ending December 31, 2024.