PFOCUS2024-01-012024-03-31 PFOCUS2024-01-012024-03-31 PFOCUS2024-01-012024-03-31in-bse-fin:OneOperatingExpenses01Member PFOCUS2024-01-012024-03-31in-bse-fin:OneOperatingExpenses02Member PFOCUS2024-01-012024-03-31in-bse-fin:OneOperatingExpenses03Member PFOCUS2024-01-012024-03-31in-bse-fin:OneOperatingExpenses04Member PFOCUS2024-01-012024-03-31in-bse-fin:FourOperatingExpenses01Member PFOCUS2024-01-012024-03-31in-bse-fin:FourOperatingExpenses02Member PFOCUS2024-01-012024-03-31in-bse-fin:FourOperatingExpenses03Member PFOCUS2024-01-012024-03-31in-bse-fin:FourOperatingExpenses04Member PFOCUS2024-03-31 PFOCUS2024-01-012024-03-31in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member PFOCUS2024-01-012024-03-31in-bse-fin:FourItemsThatWillNotBeReclassifiedToProfitAndLoss01Member PFOCUS2024-01-012024-03-31in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member PFOCUS2024-01-012024-03-31in-bse-fin:FourItemsThatWillBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 532748 PFOCUS NOTLISTED Prime Focus Limited Equity 2023-04-01 2024-03-31 2024-05-30 2024-05-23 INR Lakhs Yearly 12:00:00 19:00:00 2024-05-30 2024-05-30 true Cash Flow Indirect Declaration of unmodified opinion Single segment Post Production 2024-01-01 2024-03-31 Audited Consolidated 8632370000.00 907458000.00 9539828000.00 0.00 0.00 0.00 6387103000.00 1251886000.00 1130974000.00 1927816000.00 10697779000.00 -1157951000.00 0.00 -1157951000.00 -50534000.00 -303304000.00 -353838000.00 0.00 -804113000.00 0.00 0.00 0.00 0.00 -804113000.00 -816095000.00 -1620208000.00 -603483000.00 -200630000.00 -1260812000.00 -359396000.00 299849000.00 1 -2.68 -2.68 0.00 0.00 -2.68 -2.68 1.The above statement of consolidated audited financial results which have been prepared in accordance with the Ind AS as notified under the Companies (IAS) Rules 2015 (as amended) specified under sec 133 of the CA,2013 & in compliance with Reg 33 of the SEBI (LODR) Regulations, 2015, as amended were reviewed & recommended by the Audit Committee & approved by the Board of Directors at their respective meeting held on May 30,2024.The Statutory Auditors of the Company have expressed an unmodified opinion on the consolidated audited financial results for the YE March 31,2024. 2.The figures for the quarter ended March 31,2024 & March 31,2023 are the balancing figures between audited figures in respect of the full FY & the limited reviewed year to date figures upto the quarters ended Dec 31,2023 & Dec 31,2022 respectively. 3.On July 26, 2023, the Company & Mr. Namit Malhotra (promoters) filed a suit before the Honorable High Court of Bombay,against Reliance Alpha Services Private Limited (RASPL) & others,inter alia with respect to: (a) the notices received from RASPL demanding a sum of Rs.35,379 Lakhs,& to invoke the personal guarantee issued by Mr. Namit Malhotra in the event of non-payment by the Company; & (b) the non-completion & breach of the business transfer agreement dated Nov 19,2014 by Reliance Mediaworks Limited & Reliance Land Private Limited,pursuant to which,the aforesaid loan agmt of Feb 25,2019 was executed. Further on Aug 29,2023,the Company has recd a notice that a petition has been filed before NCLT,Mumbai Bench,Mumbai by RASPL to initiate CIRP under the IBC, 2016 (as amended) with respect to alleged breach of the loan agmt of Feb 25,2019, by the Company and demanding a sum of Rs.35,379 Lakhs. 4.On Sep 20,2023,PF World Limited (“PF World ),a subsidiary of the Company has entered into a SPA with NaMa Capital Limited (“NaMa”) for transfer of 23.25% shares (on a fully diluted basis taking into account the future implementation of an option scheme) held by PF World in its subsidiary DNEG S.a.r.l, (“DNEG”) and identified assets to NaMa against full settlement of outstanding loans & interest accrued thereon from NaMa to PF World. 5.Operating segments are reported in a manner consistent with internal reporting provided to the Chief Operating Decision Maker (CODM) (i.e. the Board of Directors) of the Group. The CODM is responsible for allocating resources and assessing performances of the operating segments of the Group. The Group is mainly engaged in operating as integrated post-production setup.The CODM decides on allocation of the resources to the business taking a holistic view of the entire setup & hence it is considered as representing a single operating segment as per IND AS 108 “Segment Reporting”. 6.Exceptional item of Rs.6,004.18 Lakhs, in consolidated audited financial results for the year ended March 31, 2023 represents expenses incurred in connection with US SPAC which ultimately was terminated due to prevailing unfavorable SPAC market conditions and other factors. 7.The Writers & Actors strike in Hollywood has had an adverse impact on the Group's operations. 8.The above audited consolidated financial results of the Company are available on the Company's & SE websites (www.primefocus.com), BSE (www.bseindia.com) & NSE (www.nseindia.com), where the shares of the Company are listed. 9.Figures for the earlier periods have been regrouped,wherever necessary. For & on behalf of the Board of Directors Naresh Malhotra DIN No.00004597 Chairman & Whole-time Director Place: Mumbai Date: May 30,2024 Single segment 2023-04-01 2024-03-31 Audited Consolidated 39300453000.00 2374024000.00 41674477000.00 0.00 0.00 0.00 28852197000.00 5579007000.00 4983464000.00 8126870000.00 47541538000.00 -5867061000.00 0.00 -5867061000.00 218254000.00 -1200411000.00 -982157000.00 0.00 -4884904000.00 0.00 0.00 0.00 0.00 -4884904000.00 -1531352000.00 -6416256000.00 -4045406000.00 -839498000.00 -4956289000.00 -1459967000.00 299849000.00 1 4860368000.00 -16.31 -16.31 0.00 0.00 -16.31 -16.31 Employee stock option expense 15330000.00 Other expenses 1366112000.00 Technical service cost 421010000.00 Technician fees 125364000.00 Employee stock option expense 89728000.00 Other expenses 4531004000.00 Technical service cost 2773379000.00 Technician fees 732759000.00 2602204000.00 4994690000.00 291924000.00 0.00 11867761000.00 13033943000.00 2303306000.00 0.00 0.00 21498000.00 0.00 0.00 4827269000.00 4848767000.00 1625405000.00 1151020000.00 40116816000.00 0.00 1506414000.00 3951368000.00 1385393000.00 29898000.00 0.00 22415557000.00 29288630000.00 0.00 1862162000.00 31150792000.00 0.00 0.00 71267608000.00 299849000.00 4860368000.00 5160217000.00 7762421000.00 31522511000.00 0.00 8025583000.00 39548094000.00 509763000.00 71692000.00 0.00 2038000.00 40131587000.00 7778073000.00 2496461000.00 7090018000.00 17364552000.00 4592114000.00 1149945000.00 266989000.00 0.00 23373600000.00 0.00 0.00 63505187000.00 71267608000.00 1.The above statement of consolidated audited financial results which have been prepared in accordance with the Ind AS as notified under the Companies (IAS) Rules 2015 (as amended) specified under sec 133 of the CA,2013 & in compliance with Reg 33 of the SEBI (LODR) Regulations, 2015, as amended were reviewed & recommended by the Audit Committee & approved by the Board of Directors at their respective meeting held on May 30,2024.The Statutory Auditors of the Company have expressed an unmodified opinion on the consolidated audited financial results for the YE March 31,2024. 2.The figures for the quarter ended March 31,2024 & March 31,2023 are the balancing figures between audited figures in respect of the full FY & the limited reviewed year to date figures upto the quarters ended Dec 31,2023 & Dec 31,2022 respectively. 3.On July 26, 2023, the Company & Mr. Namit Malhotra (promoters) filed a suit before the Honorable High Court of Bombay,against Reliance Alpha Services Private Limited (RASPL) & others,inter alia with respect to: (a) the notices received from RASPL demanding a sum of Rs.35,379 Lakhs,& to invoke the personal guarantee issued by Mr. Namit Malhotra in the event of non-payment by the Company; & (b) the non-completion & breach of the business transfer agreement dated Nov 19,2014 by Reliance Mediaworks Limited & Reliance Land Private Limited,pursuant to which,the aforesaid loan agmt of Feb 25,2019 was executed. Further on Aug 29,2023,the Company has recd a notice that a petition has been filed before NCLT,Mumbai Bench,Mumbai by RASPL to initiate CIRP under the IBC, 2016 (as amended) with respect to alleged breach of the loan agmt of Feb 25,2019, by the Company and demanding a sum of Rs.35,379 Lakhs. 4.On Sep 20,2023,PF World Limited (“PF World ),a subsidiary of the Company has entered into a SPA with NaMa Capital Limited (“NaMa”) for transfer of 23.25% shares (on a fully diluted basis taking into account the future implementation of an option scheme) held by PF World in its subsidiary DNEG S.a.r.l, (“DNEG”) and identified assets to NaMa against full settlement of outstanding loans & interest accrued thereon from NaMa to PF World. 5.Operating segments are reported in a manner consistent with internal reporting provided to the Chief Operating Decision Maker (CODM) (i.e. the Board of Directors) of the Group. The CODM is responsible for allocating resources and assessing performances of the operating segments of the Group. The Group is mainly engaged in operating as integrated post-production setup.The CODM decides on allocation of the resources to the business taking a holistic view of the entire setup & hence it is considered as representing a single operating segment as per IND AS 108 “Segment Reporting”. 6.Exceptional item of Rs.6,004.18 Lakhs, in consolidated audited financial results for the year ended March 31, 2023 represents expenses incurred in connection with US SPAC which ultimately was terminated due to prevailing unfavorable SPAC market conditions and other factors. 7.The Writers & Actors strike in Hollywood has had an adverse impact on the Group's operations. 8.The above audited consolidated financial results of the Company are available on the Company's & SE websites (www.primefocus.com), BSE (www.bseindia.com) & NSE (www.nseindia.com), where the shares of the Company are listed. 9.Figures for the earlier periods have been regrouped,wherever necessary. For & on behalf of the Board of Directors Naresh Malhotra DIN No.00004597 Chairman & Whole-time Director Place: Mumbai Date: May 30,2024 5579007000.00 0.00 -7456054000.00 0.00 0.00 0.00 0.00 0.00 0.00 2403270000.00 0.00 0.00 0.00 4983464000.00 0.00 0.00 0.00 0.00 0.00 37266000.00 0.00 61183000.00 84275000.00 0.00 0.00 -94760000.00 0.00 463676000.00 0.00 5938961000.00 71900000.00 0.00 0.00 0.00 397114000.00 0.00 -325214000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 5260000.00 3051643000.00 0.00 112234000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3351000.00 0.00 -12499000.00 0.00 -3167765000.00 0.00 0.00 16224000.00 0.00 0.00 0.00 0.00 0.00 10248986000.00 943324000.00 1899180000.00 0.00 0.00 4076534000.00 0.00 0.00 3346172000.00 -146807000.00 0.00 -146807000.00 1532200000.00 1385393000.00 Items that will not be reclassified to profit or loss -535000.00 Items that will not be reclassified to profit or loss -535000.00 -535000.00 -535000.00 0.00 0.00 Items that will be reclassified to the profit or loss -815560000.00 Items that will be reclassified to the profit or loss -1530817000.00 -815560000.00 -1530817000.00 0.00 0.00