Prime Focus Limited has informed the Exchange regarding Change in Director(s) of the company.
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Prime Focus Limited's Board, at its August 13, 2025 meeting, approved the re-appointment of Mr. Naresh Mahendranath Malhotra as Chairman and Whole-Time Director for a 3-year term effective May 1, 2026 to April 30, 2029, subject to shareholder approval. The Board also approved Q1 FY26 (quarter ended June 30, 2025) unaudited results, with consolidated revenue from operations rising to Rs 97,682 lakhs from Rs 79,508 lakhs in the year-ago quarter, and a consolidated net profit of Rs 11,046 lakhs versus a loss of Rs 15,808 lakhs in Q1 FY25. On a standalone basis, revenue fell sharply to Rs 696 lakhs from Rs 1,073 lakhs, with a net loss of Rs 535 lakhs. The Board also appointed M/s. Shridhar & Associates as the new Internal Auditor for FY 2025-26 and approved reclassification of Monsoon Studio Private Limited (MSPL) from the 'promoter group' to 'public' category, pending stock exchange approval.
The re-appointment of the existing promoter as Chairman brings leadership continuity, while the strong consolidated turnaround to profit and revenue growth are positive signals for shareholders. The promoter reclassification slightly reduces promoter shareholding, and the standalone weakness and ongoing litigation with Reliance Alpha Services over a Rs 35,379 lakh claim remain areas to watch.