Prime Focus Limited will conduct one-to-one meetings with institutional investors in Mumbai from September 29, 2026, to October 1, 2026. The company confirmed the schedule in a filing to stock exchanges on September 25, 2026.

The engagement is scheduled under Regulation 30 of the SEBI Listing Regulations. Company representatives will participate in these sessions to discuss business updates with key stakeholders.

Meeting Schedule and Location

The company specified that the meetings will take place in Mumbai. The format is strictly one-to-one, allowing for direct dialogue between company management and institutional participants.

Compliance and Disclosure

Prime Focus stated that no unpublished price-sensitive information will be shared or discussed during the meetings or calls. This ensures compliance with market integrity norms while facilitating transparent communication with the investment community.

The intimation was signed by Parina Shah, Company Secretary and Compliance Officer, on behalf of the company.

Prime Focus Limited announced that its backed entity, Brahma AI, has raised $150 million through equity issuance led by Multiples Private Equity funds. The transaction values Brahma AI at a $2 billion post-money valuation. The round received an additional $100 million in investor demand, with the company evaluating an upsize.

The investment involves subscription to compulsorily convertible preference shares (CCPS) in material subsidiaries Brahma AI Holdings Limited (BHL) and Brahma AI Services India Limited (Brahma India). Multiples Private Equity Gift Fund IV invested $54,356,600 in BHL, while Multiples Private Equity Fund IV invested an INR equivalent of $45,643,400 in Brahma India. This completes the targeted $150 million fundraising round.

Governance and Control Changes

Upon completion of the transaction, Prime Focus will cease to exercise control over BHL and Brahma India. Although the company’s direct and indirect shareholding on a fully diluted basis will remain above 50% at 65.67% (approximately c.66% post-dilution), voting rights will be significantly reduced. Consequently, BHL and Brahma India will no longer be classified as subsidiaries under the Companies Act, 2013, but will become associate companies.

The existing Class A Shares held indirectly by Prime Focus in BHL will be converted into Class C Shares. This conversion reduces voting rights from 89.27% to 24.99% on a fully diluted basis.

Board Representation

• Founder: Prabhu Narasimhan, Founder and CEO of BHL, gains the right to appoint a majority of directors (three out of six).
• Prime Focus: Will retain the right to appoint one director as long as it holds more than 50% of Class C shares.
• Multiples: Gains the right to appoint one director if it holds 51% of the CCPS issued.

Financial Impact and Structure

The transaction includes a swap mechanism where CCPS held by Multiples Private Equity Fund IV in Brahma India will be exchanged for shares in BHL. This consolidation makes BHL the sole owner of Brahma India. Multiples’ collective shareholding at the BHL level equates to 5% economic interest but 10.9% voting rights.

Strategic Positioning

Brahma AI is an AI-native enterprise technology company focused on audiovisual content across media & entertainment, sports, healthcare, and advertising. Its technology spans enterprise content intelligence, visual AI, and digital humans. The company works with global enterprises including Warner Bros, the NBA, and Mayo Clinic, alongside strategic relationships with Google, Hakuhodo, and DNEG.

Namit Malhotra, Founder & CEO of Prime Focus, stated that the company now enters a new phase of growth with two major engines: DNEG as the global leader in premium visual effects and animation, and Brahma AI as a global enterprise AI platform. Prabhu Narasimhan noted that the capital allows for aggressive investment in interactive digital humans and expansion into new use cases across sports and healthcare.

What the Numbers Show

The financial data reveals a significant concentration of value in BHL, which accounts for 76.37% of Prime Focus's consolidated net worth despite reporting nil turnover in FY26. In contrast, Brahma India contributes 12.38% to net worth with a turnover of ₹202.84 crore. The loss of control over BHL, which holds the majority of the group's net worth, represents a substantial structural shift in the company's balance sheet composition. However, economic ownership remains high at approximately 66%, providing Prime Focus with significant exposure to a rapidly scaling enterprise AI technology platform valued at $2 billion.