Prime Focus Limited Complies with NCLAT Direction Following Appellate Proceedings
Prime Focus Limited confirmed on May 20, 2026, that it has fulfilled the deposit requirements mandated by the Hon'ble National Company Law Appellate Tribunal (NCLAT) in its ongoing appellate proceedings.The company issued the update regarding its compliance with the deposit direction related to Comp. App. (AT) (Ins.) No. 850 of 2026.
Prime Focus Limited previously informed that, through a disclosure on May 12, 2026, the NCLAT had directed that an order passed by the Hon'ble National Company Law Tribunal, Mumbai Bench, dated May 6, 2026, should remain stayed. The NCLAT also stipulated that the Interim Resolution Professional could not take any further steps based on that order.
Crucially, the Tribunal had directed that an amount of Rs. 353,79,74,505/- (Rupees Three Hundred Fifty-Three Crores Seventy-Nine Lakhs Seventy-Four Thousand Five Hundred and Five) must be deposited in an interest-bearing account maintained with the Registrar, NCLAT, New Delhi.
Prime Focus Limited stated that this specific deposit direction was fully complied with before the due date established by the NCLAT Order.
PFOCUS Stock Price Movement
Prime Focus Limited shares edged higher to close at ₹243.85 on Tuesday, gaining 2.95% for the day. The stock traded on a volume of 1.12 million shares, successfully navigating a session range between ₹223.6 and ₹247.1.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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