Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ( LODR Regulations ) in respect of Incorporation of a Step-Down Subsidiary Company.
PFOCUS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Prime Focus Limited informed the exchanges that its step-down subsidiary, Brahma AI Holdings Limited, has incorporated a wholly owned subsidiary named 'Brahma AI Services USA Inc.' in California, USA on June 23, 2025. The new entity has been set up to facilitate AI business in California, operating in the technology and AI space for the film, television, and gaming sector. The capital commitment is minimal — Brahma AI Holdings subscribed to just 1 share at USD 1.00. All required regulatory approvals have been obtained.
This is a routine subsidiary incorporation with negligible immediate financial impact on shareholders. It signals the company's intent to expand its AI operations into the US market, though the token capital injection suggests this is an initial structuring step rather than a major strategic move.