Prime Focus Ltd (PFOCUS) — Board Meeting | 23 September 2026 (3 announcements)

Prime Focus Limited announced on September 23, 2026 that its material subsidiaries BHL and Brahma India plan to raise USD 100 million from Multiples Private Equity funds via compulsorily convertible preference shares, with USD 54.3566 million going to BHL and INR 87.27 crore equivalent to USD 45.6434 million to Brahma India. The transaction, part of a broader USD 150 million fundraising, will convert BHL into the sole owner of Brahma India and shift these entities from subsidiaries to associates, reducing PFL's voting control from 89.27% to 24.99% while maintaining 65.67% economic ownership. Shareholder approval under Regulation 24(5) is required before completion.

Prime Focus Limited announced on September 23, 2026 that its material subsidiaries BHL and Brahma India plan to receive USD 100 million in investments from Multiples Private Equity funds via compulsorily convertible preference shares. The funds intend to invest USD 54.3566 million in BHL and INR 87.15 crores (equivalent to USD 45.6434 million) in Brahma India. The transaction involves restructuring ownership where PFL will cease to control these subsidiaries but retain ~65.67% economic stake through DNEG Holdings. Shareholder approval under Regulation 24(5) is required before completion. The move aims to separate governance of the Brahma Group from the DNEG Group while maintaining PFL's economic interests.

Prime Focus Limited announced on September 23, 2026 that its material subsidiaries BHL and Brahma India plan to raise USD 100 million from Multiples Private Equity funds via compulsorily convertible preference shares. The funds will invest USD 54.3566 million in BHL and INR 87.27 billion in Brahma India. The transaction requires shareholder approval under Regulation 24(5) and will restructure ownership, converting PFL's Class A shares to Class C and reducing voting rights from 89.27% to 24.99% while maintaining 65.67% economic ownership. BHL and Brahma India will cease to be subsidiaries post-completion and become associates, with Multiples gaining board representation rights.