Prism Johnson Ltd ₹500 crore capital-raising plan approved

Shareholders approved a framework to issue equity shares or convertible securities worth up to ₹500 crore, along with private placement of non-convertible debentures. The resolutions received over 99.8% support. Prism completed the ₹324 crore divestment of its 51% stake in Raheja QBE General Insurance and increased its holding in Samini Ceramics to 98.5%. India Ratings subsequently upgraded the outlook on its long-term facilities to Positive. The Maharashtra Pollution Control Board reportedly forfeited a ₹10 lakh bank guarantee over alleged consent-related non-compliance at the plant. Consolidated EBITDA rose to ₹221 crore, with margin improvement in H&R Johnson and Prism RMC helping offset softer cement volumes.