Announced Tue, 14 Jul, 2026 · 23:20 IST

NCLAT closes CIRP of Prime Focus, sets aside insolvency order

Court Stay ObtainedRegulatory & Legal View source PDF Explain this filing

PFOCUS · price

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Price reactionminutes from the announcement price · days from the prior close

-3.3%Reaction day

₹272.70

prior close

₹273.70

announcement price

After-mkt

timing

Nifty Microcap 250market+0.6%-3.9% vs market

On the reaction day the stock moved 3.9 pts less than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.1

10m

-0.9

15m

-1.3

30m

-1.7

Sessions after the filingfrom the prior close

StockMarketvs market

Reaction day

-3.3+0.6-3.9

Next day

+6.3+0.2+6.2

+6.3-0.9+7.2

+4.1-0.3+4.4

+6.0+0.0+5.9

+4.8-1.1+6.0

+6.7-1.4+8.1

15d

+9.6+2.7+7.0

-2.2+3.6-5.8

+17.0+2.0+15.0

+1.7+1.1+0.7

UpDownMarket · Nifty Microcap 250Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

NCLAT has closed the Corporate Insolvency Resolution Process (CIRP) of Prime Focus Limited and set aside the insolvency order dated May 6, 2026. The company argued it is solvent with 12,000 employees and assets exceeding liabilities. No claims were received during the CIRP. Parties entered a Discharge Agreement on July 1, 2026. NCLAT also ordered withdrawal of lien on a fixed deposit of about Rs. 353.8 crores to be disbursed per the agreement.

Likely market impact

Big relief for shareholders: insolvency threat lifted, company restored as a going concern, and Rs. 353.8 crore deposit lien released per settlement.