A2 R Holdings has submitted to the Exchange a copy of Disclosures under Regulation 10(6)-Report to stock Exchange in respect of any acquisition made in reliance upon exemption provided for in regulation 10 of SEBI (SAST) Regulations, 2011.
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A2R Holdings, part of the promoter group of Prime Focus Limited, acquired 1,51,15,057 equity shares (4.88% of diluted share capital) from another promoter group member, Mr. Naresh Malhotra, on June 27, 2025. The transfer was carried out at INR 113 per share through a block deal at prevailing market price. This is an inter-se transfer within the promoter/promoter group, exempt under Regulation 10(1)(a)(ii) of SEBI SAST Regulations, so no open offer obligation is triggered. The prior intimation under Regulation 10(5) was filed on May 31, 2025, and the acquisition was completed after the mandatory 4 working-day cooling period. Post-transaction, A2R Holdings' stake rose from 43.87% to 48.75%, while Mr. Naresh Malhotra's stake fell from 18.93% to 14.05%.
This is a reshuffle within the promoter group and does not change the total promoter holding in the company. No new money enters or leaves the promoter group, so there is no direct impact on minority shareholders or stock price. However, A2R Holdings is now close to the 50% threshold, which future investors should monitor.