The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Bresino Projects Ltd
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Bresino Projects Ltd, a non-promoter entity based in Cyprus, has entered into an Agreement to Sell dated March 31, 2025 with promoter Mr. Naresh Malhotra to purchase 17,185,110 equity shares of Prime Focus Ltd (5.73% of total share capital). As of now, only an encumbrance has been created, meaning the promoter is restricted from selling these shares to anyone else; the actual share purchase will happen later through the block window on the stock exchange at the applicable price. Before this agreement, Bresino held zero shares in the company, and after the eventual acquisition it would hold 5.73%, just above the 5% creeping acquisition disclosure threshold.
No shares have changed hands yet, so there is no immediate change in shareholding or voting rights. Shareholders should watch for the actual completion of the deal via block window, as Bresino's post-acquisition holding will cross 5%, requiring further SAST disclosures and potentially signaling a strategic shift in ownership.