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, has entered into an Agreement to Sell dated March 31, 2025 with promoter Mr. Naresh Malhotra to purchase 17,185,110 equity shares (5.73% of total share capital) of Prime Focus Ltd. As of the disclosure date, no shares have actually been transferred — only an encumbrance has been created, meaning the promoter has agreed not to sell those shares to anyone else until the deal closes. The actual acquisition will happen later through a block deal on the stock exchange, subject to conditions in the agreement. Bresino currently holds zero shares in the company and is not part of the promoter group.
This is a forward-looking disclosure of a 5.73% stake change from a promoter to an external buyer (Bresino). Shareholders should expect a reduction in promoter holding once the block deal executes, and it may influence share price around the time the deal goes through. Since Bresino is not a promoter, the change does not consolidate control but shifts the shareholder base.