Prism Johnson Limited has informed the Exchange about Action(s) taken or orders passed -The Company informed about the conclusion of Arbitration proceeding between the Company and M/s Doosan Power Systems India Pvt Ltd in a commercial dispute.
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Prism Johnson Limited has announced the conclusion of arbitration proceedings with M/s Doosan Power Systems India Pvt Ltd regarding a commercial dispute. The Arbitral Tribunal pronounced its award on April 16, 2026, in favour of the Company. Under the award, Doosan Power Systems India Pvt Ltd is required to pay Rs. 8,86,52,116 (approximately Rs. 88.65 crore) to Prism Johnson by May 27, 2026. This amount covers all claims, counter claims, interest, and costs. The Company had previously written off this claim amount in earlier years, and now expects to recover the major portion, which will not adversely impact its financial position.
The favourable arbitration award will result in a cash inflow of Rs. 88.65 crore for Prism Johnson, providing a positive surprise as the amount was already written off. This strengthens the company's financials and cash position.