Prime Focus Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Mar 2025

1. The above statement of standalone audited financial results which have been prepared in accordance with the Indian Accounting Standards (Ind AS) as notified under the Companies (Indian Accounting Standards) Rules 2015 (as amended) specified under section 133 of the Companies Act 2013 and in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended were reviewed and recommended by the Audit Committee and approved by the Board of Directors at their respective meeting held on May 27, 2025. The Statutory Auditors of the Company have expressed an unmodified opinion on the standalone audited financial results for the year ended March 31, 2025.

2. The figures for the quarter ended March 31, 2025 and March 31, 2024 are the balancing figures between audited figures in respect of the full financial year and the limited reviewed year to date figures upto the quarters ended December 31, 2024 and December 31, 2023 respectively.

3. On July 26, 2023, the Company and Mr. Namit Malhotra (one of the promoters of the Company) filed a suit before the Honorable High Court of Bombay, against Reliance Alpha Services Private Limited (RASPL) and others, inter alia with respect to: (a) the notices received from RASPL demanding a sum of Rs 35,379 Lakhs and to invoke the personal guarantee issued by Mr. Namit Malhotra in the event of non-payment by the Company; and (b) the non-completion and breach of the business transfer agreement dated November 19, 2014 by Reliance Mediaworks Limited and Reliance Land Private Limited, pursuant to which, the aforesaid loan agreement of February 25, 2019 was executed. The matter is yet to be listed. Further on August 29, 2023, the Company has received a notice that a petition has been filed before National Company Law Tribunal, Mumbai Bench (NCLT), Mumbai by RASPL to initiate corporate insolvency resolution process under the Insolvency and Bankruptcy Code, 2016 (as amended) with respect to alleged breach of the loan agreement of February 25, 2019, by the Company and demanding a sum of Rs 35,379 Lakhs. The matter is currently sub judice with NCLT, Mumbai and remained status quo as on March 31, 2025.

4. During the quarter ended June 30, 2024, the Company sold its entire shareholding in Prime Focus Technologies Limited (‘PFT’) along with additional equity shares allotted upon conversion of its loan and accrued interest thereon to its step-down subsidiary DNEG S.a.r.l. for a total consideration of Rs 69,302.55 Lakhs (at a fair value, determined by an independent valuer). On June 6, 2024, shareholder approved this transaction. On sale of shares, the Company recognized difference between book value of Rs 42,272.43 Lakhs and consideration of Rs 69,302.55 Lakhs as an exceptional gain of Rs 21,621.18 Lakhs (net of tax Rs 5,408.94 Lakhs) in its standalone audited financial results for the year ended March 31, 2025.

5. As per Ind AS 108 on Segment Reporting, segment information has been provided under the notes to Consolidated audited Statements of Financial Results for the quarter and year ended March 31, 2025.

6. The above standalone unaudited financial results of the Company are available on the Company’s website (www.primefocus.com) and stock exchanges websites, BSE (www.bseindia.com) and NSE (www.nseindia.com), where the shares of the Company are listed.

Place: Mumbai
Date: May 27, 2025
For and on behalf of the Board of Directors
Naresh Malhotra
Chairman and Whole-time Director
DIN. 00004597