Board of Prism Johnson approved the demerger of retail business in its 4 arms and amalgamation of its 2 subsidiaries Milano and Silica Ceramica into itself. Prism Johnson Ltd. (PJL) has decided to simplify its organizational structure and streamline its Tile Bathroom Kitchen (TBK) businesses.
PJL has 5 subsidiaries, 3 step-down subsidiaries (Rangoli, Venkat, Samiyaz) and 8 JVs/Associate Companies. Post this scheme PJL will have only 3 subsidiaries.
Prism Johnson Ltd. (PJL) (formerly Prism Cement Ltd.) is one of India’s well-known Integrated Building Materials Company, mainly operating in 4 divisions Cement, ready-mixed concrete (RMC), tiles, bath, kitchen products (TBK HRJ) and Insurance. Over the years, PJL has launched different product lines, ventured into different industries like coal, solar power and Insurance and has captured strategic markets in different pockets of North India, apart from having a strong national presence. The equity shares of the company are listed on BSE as well as NSE.
All the entities involved in the company are 100% wholly-owned subsidiaries or step-down subsidiaries of PJL. (refer Hierarchy diagram)
H. & R. Johnson (India) TBK Ltd. (HRJ TBK) is an unlisted public company incorporated in August 1996 and engaged in the retail/trading in tiles, bathroom fittings and kitchens & branded tiles display units.
Milano Bathroom Fittings Pvt. Ltd. (Milano) is a private company and engaged in the business of Manufacturing of taps and fittings
Silica Ceramica Private Limited (Silica) is engaged in the business of manufacturing of Ceramic vitrified tiles and glazed vitrified tiles.
TBK Rangoli, TBK Venkataramiah and TBK Samiyaz are engaged in the business of retail/trading of tiles, bathroom fittings & kitchens.
Shareholding Pattern of PJL
The shareholding pattern (source: BSE) won’t change even after the scheme is implemented as all entities involved are wholly owned subsidiaries.
Business Divisions of PJL
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