NSEPendency of Litigation(s)/dispute(s) or the outcome impacting the Company7 Sept 2026 · 7 Sept 2026, 11:44 pm
Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
Prism Johnson Limited · PRSMJOHNSN
✦ AI Summary▲ PositiveLitigation
Prism Johnson Limited has informed the Exchange about the update on ongoing litigation regarding an Excise Duty demand of Rs. 11.53 Crores, including a penalty of Rs. 6.04 Crores, raised by the Commissioner, Central Excise & Service Tax, Jabalpur, against the Company and its ex-employee. The Hon'ble Customs, Excise and Service Tax Appellate Tribunal (CESTAT), New Delhi, has set aside the Excise Duty demand and penalty imposed on the Company and its ex-employee in the entirety.
Analysis Scores
Earnings Impact5/10
Growth Catalyst2/10
Governance Concern3/10
Regulatory Risk8/10
Balance Sheet Risk2/10
Liquidity Impact9/10
Market Sentiment8/10
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Prism Johnson Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company - Update on ongoing litigation
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PRSMJOHNSN_07092026234406_SEIntimationUpdateonlitigationExciseAppealsrno10.pdf
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September 7, 2026
The National Stock Exchange of India Ltd., BSE Limited,
Exchange Plaza, Bandra-Kurla Complex, Corporate Relationship Department,
Bandra (East), Mumbai – 400 051. P. J. Towers, Dalal Street, Fort,
Mumbai – 400 023.
Code : PRSMJOHNSN Code : 500338
Dear Sir,
Sub: Disclosure under Regulation 30 read with Clause 8 of Para B of Part A of Schedule III
of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 -
Update on ongoing litigation
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015, we wish to inform you that in furtherance to our initial disclosure dated August
14, 2023, and subsequent updates provided in our Integrated Governance Reports regarding ongoing
tax litigations and disputes concerning the dispute listed at Sr. No. 10 of Annexure 1 of the
aforementioned disclosure pertaining to an Excise Duty demand of Rs. 11.53 Crores (including a
penalty of Rs. 6.04 Crores) raised by the Commissioner, Central Excise & Service Tax, Jabalpur,
against the Company and its ex-employee, the Hon’ble Customs, Excise and Service Tax Appellate
Tribunal (CESTAT), New Delhi, has set aside the Excise Duty demand and penalty imposed on the
Company and its ex-employee in the entirety while disposing the appeals filed by the Company in
this regard.
As communicated by our lawyers vide an email dated September 7, 2026, the operative part of the
Order was pronounced in the open Court on September 7, 2026. The written order is expected to be
uploaded on the CESTAT website in due course.
Details required under Regulation 30 of SEBI LODR read with SEBI Master Circular No.
HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 are provided in the enclosed
Annexure.
Kindly take the same on your records.
Thanking you,
Yours faithfully,
For PRISM JOHNSON LIMITED
Shailesh Dholakia
Company Secretary and
Compliance Officer
ANNEXURE
Details under Regulation 30 of the SEBI LODR read with SEBI Master Circular
No.HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 are as follows:
Name(s) of the opposing party, court/ Customs, Excise and Service Tax Appellate
tribunal/agency where litigation is filed Tribunal (CESTAT), New Delhi
Brief details of dispute/litigation Appeals filed by the Company against an
order passed by the Commissioner, Central
Excise & Service Tax, Jabalpur confirming
Excise Duty demand of Rs. 11.53 Crores
(inclusive of penalty of Rs. 6.04 Crores)
which was originally disclosed on August 14,
2023, under Sr. No. 10 of Annexure 1.
Quantum of claims, if any / expected Nil.
financial implications, if any, due to
compensation, penalty etc.; The Company’s appeal has been allowed and
the entire Excise Duty demand of Rs. 11.53
Crores, including penalty amount, has been
set aside. There is no adverse operational or
financial impact on the Company.
The details of any change in the status and / The Hon’ble CESTAT, New Delhi, has
or any development in relation to such allowed the Company's appeals and set aside
proceedings; the entire Excise Duty demand and penalty.
The operative part of the order was
pronounced in the open Court on September
7, 2026. The written order is expected to be
uploaded on the CESTAT website in due
course.
In the event of settlement of the proceedings, Not Applicable
details of such settlement including - terms
of the settlement, compensation/penalty paid
(if any) and impact of such settlement on the
financial position of the listed entity