Prism Johnson Limited has successfully concluded a commercial dispute with M/s Doosan Power Systems India Pvt.Ltd. through an arbitration process. The settlement mandates a payment of Rs. 8,86,52,116 to be made to the company by May 27, 2026. This development allows for the recovery of claims that were previously written off in earlier years, ensuring no adverse impact on the company’s overall financial health.
Settlement of Commercial Dispute
Prism Johnson Limited announced the resolution of a long-standing commercial dispute with M/s Doosan Power Systems India Pvt.Ltd. The arbitration proceedings, which reached a conclusion on April 16, 2026, resulted in an oral Arbitral Award in favor of the company. The official written and signed award was received by the company on April 23, 2026.
Financial Implications and Recovery
Under the terms of the settlement, M/s Doosan Power Systems India Pvt.Ltd. is required to pay a total sum of Rs. 8,86,52,116 by May 27, 2026. This amount represents a full and final settlement covering all claims, counter-claims, interest, and associated costs raised during the proceedings.
Impact on Financial Position
From a financial perspective, this settlement is a positive development for Prism Johnson Limited. The company had previously written off this claim amount in prior financial years. By securing this award, the company will recover a major portion of these funds. Management has confirmed that this recovery will have no adverse impact on the company’s financial position, marking a successful closure to the litigation.
Source: BSE
