Prism Johnson Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
PRSMJOHNSN · price
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Prism Johnson Limited has received shareholder approval through a postal ballot to raise up to ₹500 Crores by issuing equity shares or securities convertible into equity shares in one or more tranches. The remote e-voting period ran from August 22, 2025 to September 20, 2025, with 441 out of 81,503 shareholders casting their votes. A total of 42.19 crore shares were polled, representing 83.81% of outstanding shares, with an overwhelming 99.90% voting in favour of the special resolution. Promoters voted 100% in favour, public institutions approved with 99.05% support, and public non-institutions backed it with 97.39% support. The funds can be raised through various routes including QIP, rights issue, preferential issue, or private placement, subject to regulatory approvals.
Shareholders have greenlit a potential ₹500 Crore capital raise, which could lead to equity dilution depending on the route chosen. The strong voting margin signals broad investor confidence in the company's fund-raising plans, though existing shareholders should watch for any subsequent dilution announcements.