Prime Focus Limited has informed the Exchange regarding re-appointment of Mr Naresh Mahendranath Malhotra as Chairman and Whole Time Director of the company w.e.f. May 01, 2026.
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Prime Focus Limited's Board, at its August 13, 2025 meeting, approved several items. On a standalone basis, Q1 FY26 revenue from operations was Rs. 696.33 lakhs with a net loss of Rs. 535.45 lakhs, compared to a profit of Rs. 22,102.30 lakhs in Q1 FY25 (which included a one-time exceptional gain from the sale of its stake in PFT). On a consolidated basis, revenue was Rs. 97,682 lakhs with a net profit of Rs. 11,047 lakhs, though this included exceptional impairment charges of Rs. 17,575 lakhs (intangible assets) and Rs. 20,443 lakhs (financial assets). Mr. Naresh Malhotra, the founder-promoter, was re-appointed as Chairman and Whole-Time Director for 3 years effective May 1, 2026, subject to shareholder approval. The Board also appointed M/s. Shridhar & Associates as the new internal auditor for FY 2025-26 and approved the reclassification of promoter-group entity Monsoon Studio Private Limited to the 'public' category, subject to exchange approvals.
For shareholders, the standalone results remain weak with continued losses, while the consolidated profitability masks large impairment write-offs. The promoter's continuity at the helm and the promoter-group entity moving to 'public' are noteworthy governance changes; the preferential issue of up to Rs. 5,55,203 lakhs (approved in July 2025) and the ongoing Rs. 35,379 lakh insolvency petition from Reliance Alpha Services remain key overhangs to monitor.