In its message to shareholders, the company said it had received feedback during the postal voting process and decided to give investors ample time to choose the bonus option that suits them. The selection period, which was originally scheduled to close on November 1, has been extended by nine days to November 7, 2025. Under the bonus issue, shareholders will receive one preferred share for every 6,000 shares they hold. They can choose a fixed conversion, where each share becomes one share of stock, or a milestone-linked option.
For ease of use, shareholders no longer need to submit a Client Master List (CML) with their election letter. The earlier requirement, the company said, was introduced as a precautionary measure after difficulties were encountered in crediting shares to inactive demat accounts. Shareholders have now been advised to verify that their demat accounts are active. In its message to shareholders, the company said the bonus issue will enable existing equity shareholders to participate in PRISM’s next phase of growth.
“The total dilution resulting from this bonus issue will be limited to a maximum of 5% of the total share capital on a fully diluted basis,” the company said. “This is a thoughtful and shareholder-friendly measure designed to reward long-term investors without any substantial dilutive impact. The Bonus CCPS differs from the previous 1:1 equity bonus and is intended to recognize those shareholders who have shown faith in the Company’s IPO journey, while still providing some benefits to those who do not opt for the milestone-based reward. At PRISM, our goal remains to create sustainable value by aligning shareholder interests with the next phase of our growth and listing process.”
The company added that its two largest shareholders, SoftBank Vision Fund and founder Ritesh Agarwal’s entities, hold majority of their shares in the form of preference shares. Preferred shareholders are not eligible for this issue.
The company also highlighted its continued profitability and growth. PRISM recorded Rs 276 crore in EBITDA in FY 2023, which increased to Rs 893 crore in FY 2024 and further to Rs 1,102 crore in FY 2025. The company said that FY 2026 has started strongly with Rs 550 crore in EBITDA in the first quarter.
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