The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for A2R Holdings
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A2R Holdings, a Luxembourg-based entity that is part of Prime Focus's promoter and promoter group, was allotted 15.95 crore equity shares of Re. 1 each on a preferential basis on September 17, 2025. This raised A2R Holdings' individual shareholding in the company from 48.75% (15.11 crore shares) to 52.87% (31.06 crore shares), pushing it past the key 50% promoter threshold. However, because the company simultaneously allotted 11.52 crore shares to non-promoter allottees as part of the same preferential issue, the overall promoter and promoter group stake got diluted from 67.61% to 62.82%. The total equity share capital of Prime Focus nearly doubled, rising from 30.99 crore to 58.76 crore shares.
This is a capital infusion for Prime Focus via preferential allotment rather than a market purchase, so there is no negative price impact from open-market selling. Shareholders should note that A2R Holdings has crossed the 50% individual stake threshold, which tightens promoter control but also signals confidence in the company's prospects. Existing minority shareholders are now more diluted given the sharp expansion of the share base.