Prime Focus gets in-principle nod for equity share issuance

Prime Focus Limited announced on September 12, 2025, that it has received "in-principle" approval from both the BSE Limited and the National Stock Exchange of India Limited for the issuance and allotment of 46,26,68,572 equity shares of Re. 1/- each on a preferential basis. This approval falls under Regulation 28(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The approval from BSE, dated September 11, 2025, referenced two separate issuances: 430,124,822 equity shares of Re. 1/- each at a price not less than Rs. 120/- to promoters and non-promoters via a share swap, and an additional 32,543,750 equity shares of Re. 1/- each at a price not less than Rs. 120/- to non-promoters. The National Stock Exchange granted its approval on September 12, 2025.

Both exchanges have advised Prime Focus to strengthen internal controls to monitor trades by proposed allottees and to secure undertakings from allottees to prevent intra-day trading or sale of shares until allotment, in compliance with SEBI (ICDR) Regulations. The company is required to file a listing application without delay upon allotment of the securities.