Monitoring Agency Report for the quarter ended March 31, 2026
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Prime Focus Limited submitted its Q4FY26 monitoring agency report for a Rs. 5,552.02 crore preferential issue of equity shares. CARE Ratings, the monitoring agency, confirmed nil deviation from the stated objects of the issue. Out of total proceeds, Rs. 5,336.92 crore has been utilized leaving Rs. 215.10 crore unutilized at quarter end. The unutilized funds are parked in Kotak Liquid Direct Growth Fund (Rs. 198.39 crore) and Kotak Arbitrage Fund (Rs. 16.71 crore). No utilization occurred during Q4FY26. The CA certificate from Shridhar & Associates does not provide independent assurance on the management-submitted information. Minor cost reallocations of Rs. 3.40 crore between objects were approved by the board in January 2026. Financially, the company turned profitable at consolidated level with Rs. 183.72 crore net profit in 9MFY26 after reporting losses of Rs. 488 crore in FY24 and Rs. 458 crore in FY25.
The nil utilization in Q4 and funds parked in mutual funds indicate slow deployment pace, though no material deviations exist. The CA disclaimer on management data raises minor concerns about verification rigor. The turnaround to consolidated profitability is a positive signal for shareholders.