BSECompany Update6d ago · 6 Aug 2026, 08:09 pm
Update on Credit Ratings
Prism Johnson Ltd · 500338
✦ AI Summary▲ PositiveRating Change
Prism Johnson Ltd has announced that India Ratings & Research Private Limited has upgraded its ratings/outlook for the existing Non-convertible Debentures and bank loan facilities of the Company from 'IND A+/Positive' to 'IND AA-/Positive'.
Analysis Scores
Earnings Impact2/10
Growth Catalyst3/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment8/10
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Full Announcement
Prism Johnson Ltd - 500338 - Announcement under Regulation 30 (LODR)-Credit Rating
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August 6, 2026
The National Stock Exchange of India Limited The 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 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 – Update on Credit Rating and its Outlook
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 (‘SEBI LODR’), we wish to inform you that India Ratings & Research Private
Limited (‘India Ratings’) has:
(i) Upgraded its ratings/outlook for the existing Non-convertible Debentures and bank loan
facilities of the Company from ‘IND A+/Positive’ to ‘IND AA-/Positive’.
(ii) Affirmed the rating of commercial paper program of the Company as ‘IND A1+’.
(iii) Withdrawn the rating of Fixed Deposit in line with its policy on Withdrawal of Ratings
given that the facility rating is no longer required to be maintained as there are no
outstanding unsecured term deposits.
There is no change in the ratings/outlook of the Company’s Non-Fund Based Working Capital
facility and Unsecured Short Term Loan facility which continue to be ‘IND A1+’.
Document published by India Ratings dated August 6, 2026 in this regard is enclosed herewith.
The above is for your information and record.
Thanking you,
Yours faithfully,
for PRISM JOHNSON LIMITED
SHAILESH DHOLAKIA
Company Secretary &
Compliance Officer
Encl.: As above
Mr. Arun Kumar Agarwal
Chief Financial Officer
Prism Johnson Limited
Rahejas, Main Avenue Road,
VP Road, Santucruz (West)
Mumbai: 400 054
August 06, 2026
Dear Sir/Madam,
Re: Rating Letter for BLR & NCD of Prism Johnson Limited
India Ratings and Research (Ind-Ra) has upgraded Prism Johnson Limited (PJL) and its non-convertible debentures and bank loan facility’s
ratings to ‘IND AA-’ from ‘IND A+’. The Outlook is Positive. The instrument-wise rating actions are as follows:
Instrument Regulator Date of Coupon Maturity Size of Issue Rating Rating Action
Type of Issuance Rate Date (INR Assigned with
Instrument million) Outlook/Watch
Non- Refer ISIN - - - 1,000 (reduced IND AA-/Positive Upgraded
convertible annexure from 2,000)
debentures
Issuer rating # - - - - IND AA-/Positive Upgraded
Bank loan RBI - - - 22,583.40 IND AA- Long Term Rating
facilities (reduced from /Positive/IND A1+Upgraded;Short Term
23,776) Rating Affirmed
Fixed deposit^ RBI - - - 1 WD Withdrawn
# There is no instrument being rated and hence, regulator of instrument is not applicable. The rating scale and definitions are being followed
as stipulated in SEBI Master Circular for CRAs.
WD – Rating Withdrawn
^Ind-Ra is no longer required to maintain the rating, as there are no outstanding term deposits. Ind-Ra has received a withdrawal request
from the issuer along with the chartered accountant’s certificate confirming that the company has no outstanding unsecured term deposits.
This is consistent with Ind-Ra’s Policy on Withdrawal of Ratings.
In issuing and maintaining its ratings, India Ratings relies on factual information it receives from issuers and underwriters and from other
sources India Ratings believes to be credible. India Ratings conducts a reasonable investigation of the factual information relied upon by it in
accordance with its ratings methodology, and obtains reasonable verification of that information from independent sources, to the extent such
sources are available for a given security.
The manner of India Ratings factual investigation and the scope of the third-party verification it obtains will vary depending on the nature of
the rated security and its issuer, the requirements and practices in India where the rated security is offered and sold, the availability and
nature of relevant public information, access to the management of the issuer and its advisers, the availability of pre-existing third-party
verifications such as audit reports, agreed-upon procedures letters, appraisals, actuarial reports, engineering reports, legal opinions and other
reports provided by third parties, the availability of independent and competent third-party verification sources with respect to the particular
security or in the particular jurisdiction of the issuer, and a variety of other factors.
Users of India Ratings ratings should understand that neither an enhanced factual investigation nor any third-party verification can ensure that
all of the information India Ratings relies on in connection with a rating will be accurate and complete. Ultimately, the issuer and its advisers
are responsible for the accuracy of the information they provide to India Ratings and to the market in offering documents and other reports.
In issuing its ratings India Ratings must rely on the work of experts, including independent auditors with respect to financial statements and
attorneys with respect to legal and tax matters. Further, ratings are inherently forward-looking and embody assumptions and predictions about
future events that by their nature cannot be verified as facts. As a result, despite any verification of current facts, ratings can be affected
by future events or conditions that were not anticipated at the time a rating was issued or affirmed.
India Ratings seeks to continuously improve its ratings criteria and methodologies, and periodically updates the descriptions on its website of
its criteria and methodologies for securities of a given type. The criteria and methodology used to determine a rating action are those in
effect at the time the rating action is taken, which for public ratings is the date of the related rating action commentary. Each rating action
commentary provides information about the criteria and methodology used to arrive at the stated rating, which may differ from the general
criteria and methodology for the applicable security type posted on the website at a given time. For this reason, you should always consult
the applicable rating action commentary for the most accurate information on the basis of any given public rating.
Ratings are based on established criteria and methodologies that India Ratings is continuously evaluating and updating. Therefore, ratings are
the collective work product of India Ratings and no individual, or group of individuals, is solely responsible for a rating. All India Ratings
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Investors may find India Ratings ratings to be important information, and India Ratings notes that you are responsible for communicating the
contents of this letter, and any changes with respect to the rating, to investors.
It will be important that you promptly provide us with all information that may be material to the ratings so that our ratings continue to be
appropriate. Ratings may be raised, lowered, withdrawn, or placed on Rating Watch due to changes in, additions to, accuracy of or the
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