Prime Focus Limited Approves Corporate Guarantee for Subsidiary
Prime Focus Limited announced on March 30, 2026, that its Board of Directors has approved the issuance of a corporate guarantee of up to Rs. 1,000 million (Rupees One Thousand Million Only) plus interest and associated costs. The guarantee is in favor of ICICI Bank Limited and relates to a term loan facility to be availed by DNEG India Media Services Limited, an unlisted material subsidiary of Prime Focus Limited.The corporate guarantee will act as a contingent liability for Prime Focus Limited, dependent on the extent of the facilities availed by DNEG India Media Services Limited. The Board meeting commenced at 10:30 a.m. and concluded at 11:00 a.m.
Below is a summary of the details related to the guarantee:
| Particulars | Details |
|---|---|
| Party for which guarantee is provided | DNEG India Media Services Limited |
| Interest of promoters/group companies | No interest in the transaction |
| Details of the agreement | The corporate guarantee of up to Rs. 1,000 million (Rupees One Thousand Million Only) plus interest and any other associated cost in relation to the loan is proposed to be issued in favor of ICICI Bank Limited guaranteeing the repayment of the term loan to be availed by DNEG India Media Services Limited, on mutually agreed terms and conditions. |
| Impact on Prime Focus Limited | The guarantee will be a contingent liability of the Company to the extent of facilities availed by the Borrower. Presently, there is no impact on the Company. |
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