Prime Focus to hold AGM, divest subsidiaries, reappoint directors, and raise funds

Prime Focus Limited will hold its 28th Annual General Meeting (AGM) on September 30, 2025, to approve its annual report for the financial year 2024-25. Members will consider the re-appointment of Naresh Malhotra as chairman and whole-time director for three years, effective May 1, 2026, with remuneration up to ₹1,80,00,000 per annum, and the appointment of M/s. D. M. Zaveri & Co. as secretarial auditors for five consecutive years.

Additionally, the company announced several strategic divestments in February 2025 as part of an internal restructuring. These include the sale of Prime Focus Motion Pictures Limited's shareholding in Brahma AI India Technologies Private Limited to DNEG S.A.R.L. for ₹1,00,000 and the sale of PF Studio Private Limited to DNEG S.A.R.L. for ₹1,00,000. These divestments underscore the company's ongoing efforts to streamline operations and focus on core business areas.

The company also announced plans to raise funds through a rights issue of equity shares and/or detachable share warrants, targeting a maximum of ₹4,000 crore at an issue price of ₹90 per equity share. The e-voting period for the AGM is scheduled from September 26 to September 29, 2025.