Prism Johnson Limited has confirmed the conclusion of the inspection and search proceedings initiated by the Maharashtra State GST officials across some of its offices and manufacturing units. The process was finalized on February 12, 2026, at 6:00 p.m. The company cooperated fully, and the entire proceeding concluded peacefully. Currently, there is no material impact on the company’s financials or business operations resulting from these concluded activities.
Conclusion of Tax Authority Proceedings
Prism Johnson Limited announced that the inspection and search proceedings initiated by the Deputy Commissioner of State Tax, Maharashtra, have officially concluded. These proceedings, which were conducted under Section 67 of the Goods and Services Tax Act, 2017, targeted some of the Company’s offices and manufacturing units located within the State of Maharashtra.
Timeline and Cooperation
The inspection and search activities were concluded yesterday, on February 12, 2026, at 6:00 p.m. The management confirmed that the company extended full co-operation and assistance throughout the process, which was finalized peacefully and cordially. Furthermore, the Company has provided all necessary documents and clarifications requested by the GST Authority and agreed to supply any additional details required in due course.
Current Business Impact
Prism Johnson Limited explicitly states that there is no material impact on the financials, business operations, or any other activities of the listed entity stemming from the aforementioned Inspection/Search proceedings. The Company remains committed to providing further updates should any future material development require disclosure.
Source: BSE
