Prism Johnson Limited — Others, 15-03-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

Prism Johnson Limited has announced a board meeting to discuss the ongoing arbitration proceedings with its civil contractor, Gannon Dunkerly & Co. Ltd. The Arbitral Tribunal has determined that GDCL is 80% liable for the losses incurred from the collapse of the Silo, stemming from deficiencies in construction. The final amount of damages, interest, and costs will be determined in a subsequent hearing. This ruling could positively influence investor sentiment by signaling a potential recovery of substantial losses, though final figures remain to be established, highlighting the ongoing uncertainty.