Prism Johnson Limited Cement Plant Undergoes GST Inspection by DGGI Officials in Madhya Pradesh
Prism Johnson Limited underwent an inspection of its Cement Plant situated in Satna District, Madhya Pradesh, conducted by officials from the Directorate General of GST Intelligence (DGGI).The inspection proceedings, concerning Section 67(1) of the Central Goods and Services Tax Act, 2017, commenced on June 20, 2026, at 11:00 a.m. The process was concluded by the GST officials around 7:30 p.m. on the same day. Company representatives provided full cooperation and assistance to the investigating officials during the inspection.
The DGGI investigation involved the Senior Intelligence Officer of the Jabalpur Unit. Official communication regarding the inspection was received via a letter of authorization shown to company officials. The purpose of the action is related to Section 67(1) of the GST Act, 2017.
As per current information, no official communication detailing any violations or contraventions has been made in connection with this inspection yet.
The inspection process details and outcomes are summarized below:
| Particulars | Details |
|---|---|
| Authority conducting the inspection | Senior Intelligence Officer, DGGI, Jabalpur Unit |
| Location of Inspection | Cement Plant, Satna District, Madhya Pradesh |
| Duration of Inspection | Commenced June 20, 2026 (11:00 a.m.) to Concluded June 20, 2026 (7:30 p.m.) |
| Alleged Violations | No official communication has been made regarding violations yet. |
Prism Johnson Limited stated that there is currently no material impact on the company's financials, business operations, or any other activities due to the inspection proceedings. The company further noted that in the event of any material updates requiring disclosure, they will make necessary announcements.
PRSMJOHNSN Stock Price Movement
Shares of Prism Johnson Limited slipped by 2.96% on Friday, closing at ₹119.26 after shedding ₹3.62. The decline saw the stock reach its 52-week low, trading against volatility amid volumes reaching 291,083 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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