Prime Focus Limited has announced the incorporation of a new subsidiary company, Brahma AI ME Ltd, in the Abu Dhabi Global Market (ADGM) of the United Arab Emirates. The company disclosed this development to the stock exchanges under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Subsidiary Incorporation Details

The new entity, Brahma AI ME Ltd, has been incorporated as a wholly-owned subsidiary of Brahma AI Holdings Limited, which is itself an indirect subsidiary of Prime Focus Limited. The incorporation was completed in the Abu Dhabi Global Market jurisdiction.

Business Focus and Investment Structure

Brahma AI ME Ltd has been established to facilitate AI business operations in the United Arab Emirates, with a specific focus on technology and artificial intelligence applications in the film, television, and gaming sectors. This aligns with Prime Focus Limited's core expertise in media and entertainment technology.

The financial structure of the incorporation involves a minimal initial investment, with Brahma AI Holdings Limited subscribing for one share valued at USD 1.00. This represents the standard incorporation requirement for establishing the subsidiary entity.

Regulatory Compliance and Approvals

The company has confirmed that all necessary regulatory approvals from relevant authorities have been obtained for the incorporation of Brahma AI ME Ltd. As an indirect subsidiary of Prime Focus Limited, the new entity falls under the regulatory framework applicable to subsidiaries of listed companies in India.

This incorporation represents Prime Focus Limited's strategic expansion into the Middle Eastern market through its AI-focused business vertical, positioning the company to capitalize on growing opportunities in the UAE's technology sector.

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.