In its message to shareholders, the company said it had received feedback during the postal ballot process and decided to give investors ample time to choose the bonus option that suits them. The selection window, originally set to close on November 1, has been extended by nine days to November 7, 2025. Under the bonus issuance, shareholders will get one preference share for every 6,000 equity shares held. They can either opt for a fixed conversion, where each such share becomes one equity share, or a milestone-linked option.
For the ease of application, shareholders are no longer required to submit a Client Master List (CML) along with their election letter. The earlier requirement, the company said, was introduced as a precaution 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 issuance allows existing equity shareholders to participate in PRISM’s next phase of growth.
“The total dilution from this Bonus issuance remains limited to a maximum of 5% of 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 is distinct from the earlier 1:1 equity bonus and is meant to recognise those equity holders who have shown belief in the company’s IPO pathway, while still extending some benefits to those who do not opt for the milestone-based reward. At PRISM, our objective remains to create sustainable value by aligning shareholder interests with the next phase of our growth and listing journey.”
The company added that its two largest shareholders, SoftBank Vision Fund and founder Ritesh Agarwal’s entities, hold the majority of their stakes in the form of preference shares. Preference shareholders are not eligible for this issuance.
The company also highlighted its continued profitability and growth. PRISM recorded Rs 276 crore in EBITDA in the financial year 2023, which rose to Rs 893 crore in the financial year 2024 and further to Rs 1,102 crore in the financial year 2025. The company said the financial year 2026 has begun on a strong note with Rs 550 crore in EBITDA in quarter one.