Announced Sat, 18 Jul · 15:31 IST
MPCB forfeits ₹10 lakh bank guarantee of Prism Johnson over consent violations
Regulatory & Legal View source PDF
PRSMJOHNSN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+2.6%1-day move
₹109.74
prior close
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base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+2.6-0.5-1.9-0.2-1.3—————
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AI summary
Maharashtra State Pollution Control Board has directed Kotak Mahindra Bank to forfeit Prism Johnson's bank guarantee of ₹10 lakhs. This relates to alleged non-compliance of consent conditions observed at the Runwal Thane captive RMC Plant during a site visit. The company says it has not received any direct communication from MPCB about the alleged violations. Financial impact is limited to about ₹10 lakhs with no material impact on business operations.
Likely market impact
Minor financial hit of about ₹10 lakhs; no material impact on operations. Raises minor regulatory compliance concerns.