Update on appellate proceedings before the Hon''ble NCLAT
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Prime Focus Limited has filed an update with the stock exchanges regarding an appeal pending before the National Company Law Appellate Tribunal (NCLAT). The appeal (Comp. App. (AT) (Ins.) No. 850 of 2026) relates to an earlier order passed by the NCLT. The NCLAT has continued an interim order dated May 8, 2026, which directs the Interim Resolution Professional (IRP) not to take any further steps pursuant to the impugned NCLT order. The matter has been adjourned to May 12, 2026 for further hearing. This is a continuation of earlier disclosures made on May 7 and May 8, 2026.
The continuation of the interim stay provides temporary relief to Prime Focus as it prevents the IRP from proceeding with the NCLT order. The stock may experience reduced volatility as the status quo is maintained until the next hearing.