Prime Focus Limited (PFOCUS) — Announcement(2 announcements)

Prime Focus Limited disclosed internal group restructuring involving two related-party transactions among step-down subsidiaries. Brahma AI Services India will transfer its **100% equity stake in Prime Focus Technologies Inc. (PFT US)** to DNEG S.a.r.l., with Brahma India receiving **~USD 21 million** upon completion. Simultaneously, DNEG will transfer **100% of Brahma India** (contributing **10.57% of consolidated turnover and 17.75% of net worth** in FY 2024-25) to Brahma AI Holdings Limited for **~USD 90.09 million**. Both entities remain group step-down subsidiaries post-transaction. The Audit Committee approved these arm's-length restructurings.

Prime Focus Limited announced a restructuring of its step-down subsidiaries Brahma AI Services India Limited and Prime Focus Technologies Inc. involving transfers of equity holdings to DNEG S.a.r.l. and Brahma AI Holdings Limited to streamline operations. The transactions, approved by the Audit Committee, include converting inter-company loans and preference shares into equity and transferring 100% stakes, with no fresh capital infusion. The filing details regulatory compliance under SEBI LODR Regulations and confirms the group will retain these entities as step-down subsidiaries post-restructuring.