The Exchange has received the revised disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Bresino Projects Ltd
PFOCUS · price
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Bresino Projects Ltd, a Cyprus-based entity that is NOT part of the promoter group, 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 Prime Focus. Bresino currently holds zero shares in the company. As of now, only an 'encumbrance' has been created — essentially a lock-in that prevents the promoter from selling those shares to anyone else until the deal closes. The actual share transfer will happen later via the stock exchange's block deal window, subject to pricing rules and conditions in the agreement.
The promoter is set to trim his stake by 5.73% through a structured block deal to an external, non-promoter buyer. While this is a pre-arranged offload rather than open-market selling, it represents a significant stake change and may influence near-term sentiment depending on the final block deal price.