PFOCUS2022-04-012022-06-30PFOCUS2022-04-012022-06-30in-bse-fin:OtherExpenses1MemberPFOCUS2022-04-012022-06-30in-bse-fin:OtherExpenses2MemberPFOCUS2022-04-012022-06-30in-bse-fin:OtherExpenses3MemberPFOCUS2022-04-012022-06-30in-bse-fin:OtherExpenses4Memberiso4217:INRxbrli:pureiso4217:INRxbrli:shares532748PFOCUSNOTLISTEDINE367G01038Prime Focus LimitedEquity2022-04-012023-03-312022-08-122022-08-05INRLakhsFirst quarterSingle segmentPost Production2022-08-1218:00:002022-08-1221:00:00Not applicable2022-04-012022-06-30UnauditedConsolidated1028146800060839100010889859000000670761200010074360001010568000187356700010599183000290676000-571891000-281215000168003000390250002070280000-4882430000000-488243000-544935000-1033178000-452331000-35912000-997289000-358890002995370001-1.63-1.6300-1.63-1.63000<div> <br></br>
<div><span><span><span><span> <br></br>
<p><span>Notes to Standalone and Consolidated Unaudited Financial Results </span></p> <br></br>
<p><span>for the quarter ended June 30, 2022:</span></p> <br></br>
<p><span> </span></p> <br></br>
<p><span><span>1.<span> </span></span></span><span>The above results have been prepared in accordance with the recognition and measurement principles of applicable 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. The Audit Committee has reviewed the above results and the Board of Directors has approved the above results at their respective meetings held on August 12, 2022. The Statutory Auditors of the Company have carried out a limited review of these results. <span></span></span></p> <br></br>
<p><span> </span></p> <br></br>
<p><span><span>2.<span> </span></span></span><span>Based on the information reviewed by the Chief Operating Decision Maker (CODM), the Group has single operating segment, being integrated post-production services.</span></p> <br></br>
<p><span> </span></p> <br></br>
<p><span><span>3.<span> </span></span></span><span>Effective March 31, 2022, the Company sold the business of all post-production related services that is undertaken by the Company through its divisions which carries out this business, but excluding the business of services/rental of shooting floors as referred in the Business Transfer Agreement executed by the Company, as a going concern, by way of a slump sale to DNEG India Media Services Limited, an indirect subsidiary of the Company, for a lump sum consideration of Rs. 36,500.00 lakhs, adjusted for working capital adjustments and indebtedness, resulting into gain of Rs. 25,020.2 lakhs in standalone results for the quarter / year ended <span> </span>March 31, 2022, recorded as an exceptional item.</span></p> <br></br>
<p><span> </span></p> <br></br>
<p><span><span>4.<span> </span></span></span><span>Exceptional item of Rs. 5,718.91 lakhs, in consolidated results for the quarter ended June 30, 2022, represents expenses incurred in connection with US Special Purpose Acquisition Companies (SPAC) which ultimately was terminated due to prevailing unfavorable SPAC market conditions and other factors.</span></p> <br></br>
<p><span> </span></p> <br></br>
<p><span>Exceptional item in consolidated results for the quarter/ year ended March 31, 2022, include loss of Rs. 18,051.53 lakhs on sale of Companys entire holdings of De-Fi Media Limited, a subsidiary incorporated in the U.K, to rationalize group structure and focus on core business activities. Further, exceptional item in consolidated result for the year ended March 31, 2022 includes Rs. 2,691.83 lakhs that represents government incentives in a subsidiary in India, written off, being no longer recoverable, consequent to change in the policy.</span></p> <br></br>
<p><span> </span></p> <br></br>
<p><span><span>5.<span> </span></span></span><span>The Company extended the exercisable period of its outstanding employee stock options from existing 5 years to 10 years from the relevant vesting date which resulted into modification charge of Rs. 938.04 lakhs in the current quarter. This has been approved by Shareholders of the Company on August 7, 2022 through postal ballot.</span></p> <br></br>
<p><span> </span></p> <br></br>
<p><span><span>6.<span> </span></span></span><span>The figures for the quarter ended March 31, 2022 are the balancing figures between the audited figures for the full financial year and year to date figures for the period up to nine months period ended December 31, 2021. </span></p> <br></br>
<p><span> </span></p> <br></br>
<p><span>7. Previous period figures have been regrouped and re-arranged wherever necessary to correspond to the figures of the current period.</span></p><span> <br></br>
<div><span> <br></br>
<p><span></span> </p></span></div></span></span></span></span></span></div></div>Employee stock option expense131901000Other expenditure1060144000Technician fees221299000Technical service cost4602230005449350000