Prime Focus has announced the completion of a significant corporate restructuring transaction involving the divestment of its wholly-owned subsidiary to one of its material subsidiaries. The company informed stock exchanges about this development through a regulatory filing under LODR Regulations.

Transaction Details

Prime Focus Limited has successfully transferred its entire equity shareholding in wholly-owned subsidiary Prime Focus Studios Private Limited (PF Studio) to material subsidiary DNEG S.a.r.l., Luxembourg. The transaction structure and key parameters are outlined below:

Corporate Structure Changes

Prime Focus Studios Private Limited, which was formerly known as PF Studio Private Limited and Prime Focus Production Services Private Limited, represents a complete divestment from the parent company's direct holdings. The subsidiary is being transferred to DNEG S.a.r.l., which is described as a material subsidiary of Prime Focus Limited.

The transaction was formalized through a Share Sale and Purchase Agreement (SPA) executed between the parties on October 27, 2025. The entire shareholding held by Prime Focus Limited in PF Studio has been transferred with effect from December 15, 2025.

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement references an earlier disclosure dated February 10, 2025, indicating that this transaction was previously communicated to the market.

Market Communication

Prime Focus Limited has formally notified both major Indian stock exchanges about this corporate action. The regulatory filing was signed by Parina Shah, Company Secretary and Compliance Officer, ensuring proper corporate governance procedures were followed throughout the divestment process.

Prime Focus Limited has completed the divestment of its entire equity shareholding in Brahma AI India Technologies Private Limited to DNEG S.a.r.l., Luxembourg, with the transfer taking effect from December 10, 2025. The company informed the stock exchanges about the completion of this strategic transaction through a regulatory filing.

Transaction Details

The divestment was executed in accordance with the Share Sale and Purchase Agreement dated October 27, 2025, between the parties involved. The transaction represents a complete transfer of Prime Focus's shareholding in the subsidiary to its material subsidiary DNEG S.a.r.l.

About Brahma AI India Technologies

Brahma AI India Technologies Private Limited, formerly known as DNEG Creative Private Limited, was an indirect subsidiary of Prime Focus Limited. The entity has now been transferred to DNEG S.a.r.l., which is identified as a material subsidiary of Prime Focus.

Regulatory Compliance

The company has disclosed this transaction under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. Prime Focus had initially announced this divestment plan in its disclosure dated February 10, 2025.

Corporate Structure Impact

With this divestment, Brahma AI India Technologies is no longer part of Prime Focus's direct subsidiary structure, having been transferred to DNEG S.a.r.l. The transaction represents a reorganization within the Prime Focus group structure, moving the entity from direct to indirect control through its material subsidiary DNEG.