
Board Meeting4 Sept 2026, 08:21 pm
Prime Focus to Raise Up to ₹3,000 Cr via Securities Issuance
AI Summary
Prime Focus Limited's Board of Directors has approved a proposal to raise funds up to INR 3,000 Crore through various permissible mechanisms including equity shares, debt securities, warrants, QIP, ADR/GDR, or rights issue. The company also approved an increase in its authorized share capital from INR 85 Crore to INR 100 Crore to facilitate this fundraising. Additionally, the Board approved the notice for the 29th Annual General Meeting (AGM) scheduled for September 30, 2026, which will seek member approval for the fundraise and capital increase.
Key Highlights
- Board approves fundraising of up to ₹3,000 Crore.
- Funds to be raised via equity, debt, warrants, QIP, ADR/GDR, rights issue.
- Authorized share capital increased from ₹85 Cr to ₹100 Cr.
- AGM notice approved for September 30, 2026.
- Member approval required for fundraise and capital increase.
Price Impact
More from PFOCUS