Prism Johnson Limited has informed the Exchange about Action(s) taken or orders passed - Imposition of Penalty under the Central Excise Act, 1944 read with Cenvat Credit Rules, 2004.
PRSMJOHNSN · price
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Prism Johnson Limited received an order dated February 25, 2026 from the Commissioner of Central GST & Central Excise, Jabalpur, levying a penalty of ₹87,46,339 (about ₹87.46 lakh) under the Cenvat Credit Rules, 2004 read with Section 11AC of the Central Excise Act, 1944. The penalty relates to the alleged wrong availment of Cenvat Credit of Excise Duty for the period October 2013 to November 2013. The company has stated it intends to file an appeal against this order. Importantly, the company has clarified that the penalty has no material impact on its financials, operations, or other activities.
For shareholders, this is a minor, historical tax dispute and the penalty amount (~₹87.46 lakh) is immaterial relative to the company's size. The stock is unlikely to see any meaningful reaction, though investors may want to track the appeal outcome.