Prime Focus Limited , a prominent player in the media and entertainment industry, has achieved a significant milestone in its capital raising efforts. The company has successfully secured listing approval for a substantial issuance of equity shares on a preferential basis from both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).

Key Details of the Share Issuance

Approval Process and Next Steps

The company has received formal listing approval letters from both stock exchanges. The BSE granted approval through its letter with Ref. No. LOD/PREF/RB/FIP/1115/2025-26, while the NSE provided approval via its letter with Ref. No. NSE/LIST/51166.

It's important to note that while listing approval has been secured, trading approval is contingent upon additional steps. Prime Focus Limited must file confirmation letters from the National Securities Depository Limited (NSDL) and Central Depository Services Limited (CDSL) verifying that the shares have been credited to the respective beneficiary accounts and admitted to the depository system.

Implications for Investors

This preferential allotment represents a significant expansion of Prime Focus Limited's equity base. Investors should be aware that the introduction of these new shares into the market may have implications for the company's shareholding structure and potentially its stock price dynamics.

The successful completion of this preferential issue demonstrates the company's ability to attract capital, which could be viewed as a positive indicator of investor confidence in Prime Focus Limited's business prospects and growth strategies.

As the company moves forward with the listing process, market participants will be keenly watching for the final trading approval and the subsequent impact on the stock's liquidity and valuation.

Shareholders and potential investors are advised to keep an eye on further announcements from the company regarding the completion of the depository processes and the eventual commencement of trading for these newly issued shares.

Prime Focus Limited , a prominent player in the Indian media and entertainment industry, held its 28th Annual General Meeting (AGM) on September 30, where shareholders approved significant appointments and reappointments.

Leadership Continuity

The shareholders approved the re-appointment of Mr. Naresh Malhotra as Chairman and Whole-Time Director for a three-year term, effective from May 1, 2026, to April 30, 2029. Mr. Malhotra, a promoter of the company, is widely recognized as a pioneer in the Indian Media and Entertainment (M&E) industry.

Naresh Malhotra's Industry Contributions

Mr. Malhotra's career highlights include producing the iconic Amitabh Bachchan starrer 'Shahenshah' and establishing India's first digital audio studio. His foresight in recognizing the potential of India's burgeoning television industry in the 1990s led to significant advancements in audio post-production.

New Secretarial Auditor

In another key decision, the shareholders appointed M/s. D M Zaveri & Co. as the Secretarial Auditors of the company for a five-year term, covering financial years 2025-26 to 2029-30. The firm, with over 24 years of experience, specializes in corporate laws, secretarial audits, and compliance services.

AGM Proceedings

The AGM, conducted through video conferencing and other audio-visual means, commenced at 12:30 p.m. and concluded at 1:19 p.m. IST. The meeting addressed various ordinary and special business items, including the adoption of financial statements and approval of related party transactions.

Board Meeting Announcement

Following the AGM, Prime Focus Limited announced a board meeting scheduled for October 3. The meeting will discuss, among other matters, a potential exit option for United Al Saqer Group, a minority stakeholder in the company's step-down subsidiary DNEG S.à r.l.

Shareholding Update

The company disclosed that its total shareholding in DNEG has increased to 88.28% on a fully diluted basis, following a recent preferential allotment. United Al Saqer Group currently holds a 7.46% stake in DNEG.

Trading Window Closure

In compliance with SEBI regulations, Prime Focus Limited has announced the closure of the trading window for dealing in company securities from September 30. The window will remain closed until 48 hours after the declaration of the company's unaudited financial results for the second quarter and half-year ending September 30.