Sunbath Sanitary is engaged in the business of manufacturing of sanitaryware at Morbi, Gujarat. It has manufacturing plant operating at an annual production capacity of approx. 11,000 tonnes. Sunbath's turnover for FY 2023-24 was Rs 12.5 crore. Prism Johnson has acquired 60,00,000 equity shares of Rs 10 each, at a premium of Rs 21.20 per equity shares aggregating to Rs 18.72 crore on a preferential basis. Offering the rationale for this investment, Prism Johnson stated: 'The arrangement will help the company with uninterrupted supply of sanitaryware in a continuous growing market at a competitive price.' 'Since completion of this transaction, Sunbath has become a joint venture of the company, wherein the company holds 50% of equity share capital on a fully diluted basis,' it added. Prism Johnson (PJL) is an integrated building materials company, with wide range of products such as cement, ready-mixed concrete, tiles and bath products. The PJL group currently has four divisions - cement, H & R Johnson (HRJ, tiles business), ready mix concrete and RQBE Gen Insurance Co. The company had reported a net loss of Rs 7.70 crore in the quarter ended June 2024 as against net profit of Rs 17.89 crore during the previous quarter ended June 2023. Sales declined 8.24% to Rs 1746.92 crore in Q1 FY25 over Q1 FY24. Powered by Capital Market - Live

Securities in F&O ban : Chambal Fertilisers and Chemicals, Indian Energy Exchange, RBL Bank, Aarti Industries, Aditya Birla Fashion and Retail, Birlasoft, Gujarat Narmada Valley Fertilisers and Chemicals (GNFC), Granules India, Hindustan Copper, India Cements, LIC Housing Finance, NALCO, Piramal Enterprises, Sun TV Network. Stocks to watch: Adani Power said that National Company Law Tribunal (NCLT) approved company's resolution plan to buy Lanco Amarkantak Power for Rs 4,101 crore. Wipro extended its pact with John Lewis Partnership to complete their cloud transformation project. Jain Irrigation Systems has signed MoU with Indian Coffee board for commercial release of disease resistance coffee plants to growers. Bharat Forge will invest an additional Rs 105 crore in its subsidiary, Kalyani Power Train via share subscription. Power Mech Projects will issue bonus shares in the ration of 1:1. The record date is 28 September 2024. Spandana Sphoorty Financial's board will meet on 27 August 2024 to consider the issuance of non convertible debentures on private placement basis. Prism Johnson entered into shareholders agreement with Sunbath Sanitary to acquire 50% stake for total consideration of Rs 18.72 crore. Sunbath Sanitary engaged in manufacturing of sanitaryware in Gujarat. Powered by Capital Market - Live

Net loss of Prism Johnson reported to Rs 7.70 crore in the quarter ended June 2024 as against net profit of Rs 17.89 crore during the previous quarter ended June 2023. Sales declined 8.24% to Rs 1746.92 crore in the quarter ended June 2024 as against Rs 1903.70 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales1746.921903.70 -8 OPM %7.577.97 - PBDT95.55120.40 -21 PBT-16.0227.34 PL NP-7.7017.89 PL Powered by Capital Market - Live

Prism Johnson will hold a meeting of the Board of Directors of the Company on 9 August 2024.Powered by Capital Market - Live

Prism Johnson announced that the Annual General Meeting (AGM) of the company will be held on 9 August 2024.Powered by Capital Market - Live