Prism Johnson Limited has informed the Exchange about Action(s) taken or orders passed-The Company has informed about receipt of assessment order under Section 143 (3) of Income Tax Act, 1961
PRSMJOHNSN · price
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Prism Johnson Limited has received an assessment order dated March 29, 2026, from the Deputy Commissioner of Income Tax, Mumbai, for Assessment Year 2024-25. The order raises a tax demand of Rs. 28,23,82,920 (around Rs. 28.24 crore) under Section 156 of the Income Tax Act, citing disallowance of certain expenses and other items. The company disagrees with the disallowances and plans to file an appeal against the order. Management has stated that, at present, it does not foresee any material impact on the company's financials, operations, or other activities from this order.
The tax demand is modest relative to a large listed company and the company intends to appeal, but a sustained adverse outcome could affect future earnings. For now, the company maintains there is no material impact, so the immediate effect on shareholders is likely limited.