Prime Focus Plans to Raise Up to ₹3,000 Crore via Equity or Debt Issuance

Prime Focus Limited announced on September 04, 2026, that its Board of Directors has approved a proposal to raise funds through one or more permissible mechanisms. This could include the issuance of equity shares, debt securities, non-convertible securities, share warrants, or other equity-linked instruments. The company may utilize methods such as Qualified Institutions Placement (QIP), issuance of Depository Receipts (ADR/GDR), or preferential issues on a private placement basis, rights issue, or any combination thereof. The total amount to be raised is not to exceed ₹3,000 Crore (Indian Rupees Three Thousand Crore) or its equivalent in any other currency, subject to necessary approvals from members and regulatory bodies.

In addition to the fund-raising plan, the Board also approved an increase in the company's authorized share capital. The authorized capital will be raised from ₹85 Crore to ₹100 Crore, consisting of 100 Crore equity shares of Re. 1 each. This will necessitate a consequent amendment to the capital clause of the company's Memorandum of Association (MOA), also pending member and regulatory approvals.

The Board further approved the Notice for the 29th Annual General Meeting (AGM) scheduled for Wednesday, September 30, 2026. The AGM notice will include resolutions seeking member approval for the proposed fund-raising and the increase in authorized share capital. The meeting of the Board of Directors commenced at 06:30 p.m. and concluded at 07:00 p.m. on September 04, 2026.