Prime Focus Limited has informed the Exchange about Giving guarantees/indemnity/ becoming a surety for third party
PFOCUS · price
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The Board of Prime Focus Limited, at its meeting on March 30, 2026, approved the issuance of a corporate guarantee of up to Rs. 1,000 million (Rs. 1,000 crore), plus interest and associated costs, in favor of ICICI Bank Limited. The guarantee is being given to secure a term loan facility to be availed by DNEG India Media Services Limited, an unlisted material subsidiary of the company. The filing clarifies that the promoter group and other group companies have no interest in the transaction and that it is being done at arm's length. This guarantee will be recorded as a contingent liability for Prime Focus, with no immediate financial impact on the listed entity.
This creates a contingent liability of up to Rs. 1,000 crore for Prime Focus, meaning the parent company will be on the hook if its subsidiary DNEG India Media Services fails to repay the ICICI Bank loan. Shareholders should keep an eye on the subsidiary's borrowing and repayment capacity, as any default could directly affect the parent company's finances.