Prism Johnson Limited has informed the Exchange about General Updates - Sale of Stake in wholly owned subsidiary companies
PRSMJOHNSN · price
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Prism Johnson has sold its entire stake in three wholly owned subsidiaries — Venkataramiah Tile Bath Kitchen, Samiyaz Tile Bath Kitchen, and Tescon Buildcon — on March 30, 2026. All three companies have ceased to be subsidiaries of Prism Johnson from that date. The three entities contributed 0% of the company's consolidated turnover and a negligible share of net worth (under 0.01%) as of March 31, 2025. Total consideration received is small at about Rs. 10.9 lakhs combined (Rs. 4.32 lakh + Rs. 6.49 lakh + Rs. 10,000). Buyers are Mr. Siddharth Khanna and Mr. Nitin Singrodia, neither of whom belongs to the promoter or promoter group, and the deal is not a related party transaction.
This is a minor housekeeping exercise — the divested subsidiaries were inactive with zero revenue, so the financial impact on shareholders is negligible. The move streamlines Prism Johnson's group structure but is unlikely to move the stock price.