Namit Malhotra has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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Awaiting price reaction for this filing.
Namit Malhotra, promoter of Prime Focus Limited, has filed an annual declaration with NSE, BSE, and the company's audit committee as required under Regulation 31(4) of SEBI's Takeover Regulations. In the letter dated April 4, 2025, he confirmed that he has not created any new encumbrance (pledge, lien, or charge) on his shares, directly or indirectly, during the financial year 2024-2025, other than what has already been disclosed. This is a routine yearly compliance filing mandated for promoters of listed companies. The disclosure does not mention any change in his shareholding or any release of existing encumbrances.
This is a neutral compliance filing with no direct impact on stock price. It reassures investors that the promoter has not added new pledges on his holdings during the year, though it does not indicate any change in existing encumbrances or shareholding.