Monitoring Agency Report for the quarter ended March 31, 2026
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Prime Focus Limited submitted its Q4FY26 Monitoring Agency Report for a Preferential Issue aggregating Rs. 5,552.02 crore. CARE Ratings, the monitoring agency, confirmed nil deviation from the stated objects. No funds were deployed during Q4FY26 across any of the four objects. Rs. 215.10 crore remains unutilized and is parked in liquid mutual funds (Kotak Liquid Direct Growth and Kotak Arbitrage Fund). Acquisition of DNEG S.a.r.l (Rs. 5,161.50 crore) and investment in WOS (Rs. 175.40 crore) are fully utilized. Only Rs. 0.02 crore of the Rs. 97.63 crore General Corporate Purpose allocation has been used. The CA certificate explicitly states it does not provide assurance on the management-submitted information. Consolidated financials show net profit of Rs. 183.72 crore for 9M FY26 versus net losses in prior years.
The nil utilization in Q4FY26 indicates slow deployment of the large preferential issue proceeds, with 96% of funds already deployed primarily for DNEG acquisition. The unutilized Rs. 215 crore in liquid funds awaits deployment for expansion and GCP purposes within 18 months from fund receipt.