Prime Focus has authorized specific Key Managerial Personnel (KMPs) to determine the materiality of events or information and disclose them to stock exchanges, streamlining its regulatory reporting process. The Board of Directors approved this delegation during a meeting held on August 06, 2026, aligning with Regulation 30(5) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. This authorization allows designated executives to independently assess and report material developments, enhancing operational efficiency in compliance matters. The company notified both the National Stock Exchange of India Limited and BSE Limited of these appointments on the same date.

The delegation empowers senior leadership to act swiftly on material disclosures, reducing administrative bottlenecks associated with board-level approvals for every significant event. Under Regulation 30(5), listed entities must specify which KMPs are authorized to make such determinations. Prime Focus has identified four individuals responsible for this critical function, ensuring clear accountability and adherence to listing obligations.

Authorized Key Managerial Personnel

The following executives have been granted the authority to determine materiality and make disclosures:

Mr. Naresh Malhotra, serving as Chairman and Whole-Time Director, holds the primary responsibility alongside Mr. Namit Malhotra, Whole Time Director, and Mr. Vikas Rathee, Chief Financial Officer. Ms. Parina Shah, in her capacity as Company Secretary and Compliance Officer, is specifically tasked with executing the actual disclosure of material events to the exchanges once materiality is determined.

Contact Information for Disclosures

Investors and stakeholders can reach the authorized KMPs through the following channels:

These contact details are also available on the company’s official website at https://www.primefocus.com/ . The company emphasized that these designations ensure timely and accurate communication with market participants regarding any material developments affecting the business.

Regulatory Compliance Context

This authorization is a standard procedural requirement under SEBI’s Listing Regulations, mandating that listed companies clearly define who within their management structure is empowered to judge and disclose material information. By formally notifying the exchanges, Prime Focus ensures transparency and regulatory adherence. The decision reflects a common corporate governance practice where operational agility is balanced with strict compliance frameworks, allowing experienced executives to handle real-time disclosure needs effectively.

Prime Focus Limited and its promoter Namit Malhotra have withdrawn their lawsuit against Reliance Alpha Services Private Limited, Reliance Mediaworks Limited, and Reliance Land Private Limited after the parties reached an amicable settlement. The Bombay High Court dismissed Commercial Suit No. 104 of 2025 as withdrawn on August 4, 2026, resolving a legal dispute that had persisted since July 2023. The settlement concludes proceedings involving a loan agreement dated February 25, 2019, and a business transfer agreement dated November 19, 2014.

The company disclosed the withdrawal to the National Stock Exchange of India Limited and BSE Limited on August 5, 2026, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The original suit was filed on July 25, 2023, by Prime Focus Limited and Namit Malhotra against the three Reliance entities, citing issues related to the aforementioned loan and business transfer agreements.

Case Timeline and Resolution

The legal matter was listed before the Hon'ble Bombay High Court on August 4, 2026. During the hearing, the plaintiffs apprised the court that the underlying disputes had been resolved amicably between all parties involved. Consequently, the court permitted the plaintiffs to withdraw the suit and formally dismissed it as withdrawn. This procedural conclusion removes the outstanding litigation from the company's pending legal cases.

Key Details of the Dispute

The withdrawn suit centered on two primary agreements that formed the basis of the commercial dispute:

The defendants in the suit were Reliance Alpha Services Private Limited, Reliance Mediaworks Limited, and Reliance Land Private Limited. The plaintiffs included Prime Focus Limited and promoter Namit Malhotra. The resolution indicates that no further judicial intervention was required to settle the terms between the entities.

Implications of the Settlement

The withdrawal of this suit eliminates a long-standing legal contingency for Prime Focus Limited. Litigation involving promoters and significant corporate agreements can carry reputational and financial risks; the amicable settlement suggests a negotiated outcome rather than an adversarial court judgment. By resolving the dispute linked to the 2014 business transfer and 2019 loan agreements, the company clears its balance sheet of potential liabilities associated with this specific commercial conflict. The absence of disclosed monetary penalties or damages in the exchange filing implies the settlement terms were mutually agreed upon without public disclosure of financial transfers.