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 announced results of postal ballot voting held between March 19 and April 17, 2026. Three resolutions were passed with overwhelming shareholder support. The most significant is the divestment of the company's entire 51% stake in Raheja QBE General Insurance Company Limited, a material unlisted subsidiary, approved by 99.91% of votes. Additionally, Mr. Sanjaykumar Shivajee Roy was appointed as Director (99.96% approval) and subsequently as Executive Director & CEO of the RMC division (99.97% approval). Total voting participation was 91.27% of 50.34 crore shares outstanding, with 371 members participating. The resolutions are deemed passed as of April 17, 2026.
The divestment of Raheja QBE signals Prism Johnson's exit from the general insurance business, potentially streamlining operations. The appointment of a new CEO indicates a leadership transition that could drive future strategic direction. Near-unanimous approval across all resolutions reflects strong shareholder confidence in management decisions.