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.

Prime Focus Limited has announced a crucial board meeting scheduled for October 3, 2025, to address the exit strategy for a minority investor in its subsidiary, DNEG. The meeting will focus on evaluating future exit options for United Al Saqer Group, which currently holds a 7.46% stake in DNEG on a fully diluted basis.

Key Points

• Board Meeting Date: October 3, 2025
• Main Agenda: Discuss exit strategy for minority investor in DNEG
• Minority Investor: United Al Saqer Group (Indivisual Investment L.L.C. O.P.C.)
• DNEG Ownership: Prime Focus holds 88.28% stake (directly and indirectly) on a fully diluted basis

Background

Prime Focus recently completed a preferential allotment, which increased its total shareholding in DNEG to 88.28% on a fully diluted basis. The United Al Saqer Group, a financial investor, currently holds a minority stake of 7.46% in DNEG.

Additional Meeting Details

The board meeting will also address other incidental and ancillary matters as decided by the Board. Furthermore, in compliance with SEBI regulations, Prime Focus has announced the closure of the trading window for dealing in company securities from September 30, 2025.

Trading Window Closure

• Closure Start: September 30, 2025
• Closure End: 48 hours after the conclusion of the Quarterly Board Meeting for Q2 and H1 FY2026 financial results

The company will separately announce the date for the Quarterly Board Meeting to consider and declare the unaudited financial results for the second quarter and half-year ending September 30, 2025.

Investors and stakeholders are advised to monitor official communications from Prime Focus Limited for further updates on the DNEG minority investor exit strategy and the company's financial performance.