Annual Secretarial Compliance Report for the financial year ended March 31, 2025
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Prime Focus Limited filed its Annual Secretarial Compliance Report for FY ending March 31, 2025, as mandated under SEBI LODR Regulation 24A(2). The report was issued by secretarial auditor D. M. Zaveri & Co and reviewed the company's compliance with SEBI regulations, the SCRA, and applicable circulars. One continuing non-compliance was flagged: the appointment of an Independent Director in its foreign material subsidiary DNEG S.a.r.l. remains pending, though the company appointed Mr. Kodi Raghavan Srinivasan as Independent Director in its other material foreign subsidiaries during the year. No monetary fine has been imposed for this lapse. All other compliance areas — Secretarial Standards, insider trading, related party transactions, website disclosures, document preservation, and director qualifications — were found to be in order, with no action taken by SEBI or stock exchanges.
This is a routine annual compliance filing with minimal market impact. The unresolved Independent Director appointment in DNEG S.a.r.l. is a minor corporate governance flag, but since no penalty has been levied and the company is actively working on remediation, it is unlikely to materially affect the stock price.