Annual Secretarial Compliance Report for the financial year ended March 31, 2026
PFOCUS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Prime Focus Limited has filed its Annual Secretarial Compliance Report for the financial year ended March 31, 2026. The secretarial audit by D.M. Zaveri & Co. found two compliance deviations. First, the appointment of an Independent Director in the material foreign subsidiary DNEG S.a.r.l. was pending until November 11, 2025, violating Regulation 24(1) of SEBI LODR—this was subsequently resolved. Second, Chartered Finance and Leasing Limited, an allottee in a preferential issue, sold 22,000 shares between the relevant date (June 26, 2025) and allotment date (September 17, 2025) without maintaining the required lock-in, violating Regulation 167(6) of SEBI ICDR. NSE issued an advisory letter for this second violation. The company stated it was unaware of the trading and claims the allottee executed an accidental intra-day trade. All other compliance areas including secretarial standards, insider trading regulations, related party transactions, and website disclosures were found satisfactory.
The filing reveals minor compliance lapses that have been mostly addressed. The NSE advisory regarding the preferential allottee's lock-in violation remains an open regulatory matter but carries no fine. Both deviations are administrative in nature and unlikely to materially impact the stock, though they highlight execution gaps in compliance monitoring.