Prime Focus Limited has informed the Exchange regarding Proceedings of Extraordinary General Meeting held on July 26, 2025.
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Prime Focus Limited held an Extraordinary General Meeting (EOGM) on July 26, 2025 via video conferencing, lasting from 11:30 AM to 11:59 AM. All four resolutions were passed with the requisite majority. The resolutions included: (1) a special resolution to issue equity shares on a preferential basis for cash and through share swap, (2) a special resolution to grant special rights and alter the Articles of Association by inserting Part IV, (3) an ordinary resolution approving material related party transactions between subsidiary PF World Limited and promoter group entity A2R Holdings, and (4) a special resolution to enhance limits for investments, loans, and guarantees under Section 186 of the Companies Act.
Shareholders should note the preferential equity issue could lead to dilution of existing holdings, while the alteration of Articles to grant special rights and related party transactions with promoter group entities may strengthen promoter influence. Enhanced Section 186 limits give the company more flexibility for inter-corporate investments and lending.