18-Jul-2026 15:32:39
PRISM JOHNSON LIMITED : FORFEITURE OF BANK GUARANTEE
• Maharashtra State Pollution Control Board (MPCB) has directed Kotak Mahindra Bank Limited to forfeit Bank Guarantee of ₹10 Lakhs provided by the Company. • The Company states it has not received any communication from MPCB regarding alleged non-compliance of consent conditions. • MPCB cited alleged non-compliances observed during a site visit at Runwal Thane captive RMC Plant of the Company. • Communication regarding forfeiture was received from Kotak Mahindra Bank Limited on July 17, 2026. • The immediate financial impact is limited to the encashment value of the ₹10 Lakhs Bank Guarantee. Impact: Neutral (Limited financial impact and no communication from authority regarding alleged non-compliance)
Prism Johnson Limited
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