Prime Focus Limited’s indirect subsidiary, Double Negative Films Limited (DNFL), has acquired a 48.45% equity stake in Spanish animation studio Ánima Kitchent Canarias, S.L. for ₹13,70,38,328. The strategic acquisition, completed on June 26, 2026, aims to enhance prime focus 's access to Spanish animation production capabilities and markets. The transaction involves a partnership with Sociedad Española para la Transformación Tecnológica (SETT), a Spanish Government fund that has committed an overall investment of Euro 24.9 million in the target entity under a private-public partnership model.

Ánima Kitchent Canarias, S.L. operates in the motion picture and video production sector and was founded in 2014. The entity is incorporated in Las Palmas de Gran Canaria, Spain, and holds a registration number (NIF) B76259498. The acquisition is not a related party transaction, and DNFL paid the entire consideration in cash. Required approvals from relevant authorities will be obtained as applicable.

The target studio is known for producing, creating, and distributing 2D and 3D animated content. Its prominent entertainment brands include Cuquín, Lea & Pop, Titto Lizzardo, Tippi T-Rex, and PINY Institute of New York. The acquisition aligns with the objective of leveraging the Spanish animation market and the established portfolio of the acquired entity.

Financial metrics for Ánima Kitchent Canarias, S.L. indicate a turnover of ₹92 crore and a profit after tax (PAT) of ₹11 crore. The net worth of the entity stands at ₹68 crore. The studio has demonstrated consistent growth in turnover over the past three years, driven by its production capabilities and market presence.

Financial Performance of Ánima Kitchent Canarias, S.L.

Key Acquisition Details

Prime Focus Limited promoter Namit Malhotra confirmed to the stock exchanges that he did not create any encumbrance on shares during the Financial Year 2025-2026. The disclosure was submitted to the National Stock Exchange of India Limited and BSE Limited on April 06, 2026. The confirmation provides transparency regarding the holding status of the promoter's shares during the specified period.

The declaration was made pursuant to Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. In his communication, Namit Malhotra stated that he has not made any encumbrance of shares, directly or indirectly, other than those already disclosed during the financial year.

Disclosure Details

The letter, signed by Namit Malhotra in his capacity as Promoter, was addressed to the listing departments of both exchanges as well as the Audit Committee of Prime Focus Limited. The confirmation serves as a formal compliance update regarding the holding status of the shares during the specified period.