Prime Focus Limited has informed the Exchange regarding Change in Auditors of the company.
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Awaiting price reaction for this filing.
Prime Focus Limited's board met on August 13, 2025, and approved several items. The company reported Q1 FY26 standalone loss of ₹535.45 lakhs (improving from a ₹1,611.59 lakhs loss in Q4 FY25), while consolidated results showed a turnaround with a net profit of ₹11,045.99 lakhs versus a ₹25,161.92 lakhs loss in the previous quarter. Consolidated revenue from operations rose to ₹97,682.14 lakhs from ₹96,724.53 lakhs sequentially. The board appointed M/s. Shridhar & Associates as the new internal auditor for FY 2025-26. Mr. Naresh Malhotra was re-appointed as Chairman and Whole-Time Director for three years effective May 1, 2026. Promoter group entity Monsoon Studio Private Limited (MSPL) was approved for reclassification to the public category. The filing also references a pending ₹5,55,203 lakh preferential issue and ongoing litigation with Reliance Alpha Services (₹35,379 lakh claim at NCLT).
The consolidated swing to profit and improved sequential revenue are positive signals, but standalone losses continue. Promoter reclassification reduces the promoter group's stake, which may modestly affect promoter holding disclosures. The ₹5,552 crore preferential issue and ongoing insolvency petition remain key overhangs for shareholders.