Prime Focus Limited — Major Shareholding Notification 2021

Mar 30, 2021

Date: March 19, 2021

Phiroze Jeejeebhoy Towers Exchange Plaza, Mumbai 400 001 Mumbai — 400 051 E-mail: corp.relations @bseindia.com Email: takeover @nse.co.in

BSE Limited National Stock Exchange of India Limited Dalal Street, Fort Bandra-Kurla-Complex, Bandra (East)

Prime Focus Limited Prime Focus House, Linking Road, Opp. CITI Bank, Khar (West), Mumbai, Maharashtra, 400052 E-mail: ir.india@primefocus.com

Dear Sir/ Madam,

Subject: Disclosure under circular dated August 7, 2019 issued by SEBI (No. SEBI/HO/CFD/DCR1/CIR/P/2019/90).

This disclosure is being made pursuant to a financing arrangement entered into between A2R Holdings, Mauritius (an entity wholly owned by Namit Malhotra), Namit Malhotra and Novator Capital Limited, on December 18, 2020 ("Arrangement") and further to the earlier disclosures dated December 22, 2020, December 28, 2020, December 29, 2020 and March 16, 2021 in this respect. As part of the Arrangement, please note that a pledge has been created over Namit Malhotra's entire shareholding in A2R Holdings (being 100% of the issued capital of A2R Holdings), in favour of Novator Capital Limited.

On March 17, 2021, A2R Holdings has acquired 73,299,666 equity shares of Prime Focus Limited from IDBI Trusteeship Services Limited, acting in its capacity as debenture trustee on behalf of and for the benefit of Credit Suisse AG, Singapore Branch.

Given the conditions under the Arrangement (including pledge over A2R Holding' shares) and acquisition of further equity shares of Prime Focus Limited by A2R Holdings (as above) as well as the definition of "encumbrance" under the Takeover Regulations, the enclosed disclosure is being made.

The disclosure is in the format prescribed via Securities and Exchange Board of India's circular dated August 7, 2019, bearing reference no SEBI/HO/CFD/DCR1/CIR/P/2019/90.

Kindly take the same on record.

Thanking you

Yours faithfully

Namit Malhotra

Encl: As above

Namit Malhotra 201, Priyanka Apts, N.S. Road, J.V.P.D Scheme, Juhu, Mumbai — 400056

Format for disclosure of reasons for encumbrance

(Ref: Securities and Exchange Board of India circular dated 07 August 2019 bearing reference no. SEBI/HO/CFD/DCR 1/CIR/P/2019/90)

Namit Malhotra
201, Priyanka Apts, N.S. Road, J.V.P.D Scheme, Juhu, Mumbai — 400056
Format for disclosure of reasons for encumbrance
(Ref: Securities and Exchange Board of India circular dated 07 August 2019 bearing reference no.SEBI/HO/CFD/DCR 1/CIR/P/2019/90)
ame of listed companyIN	[Prime Focus Limited ("PFL'')
Namestock exchangesof the recognisedwhere theshares of the company are listed	BSE LimitedNational Stock Exchange of India Limited
Name of the promoter(s) / PACs whose shares havebeen encumbered	pledgebeenAcreatedoverhasentiretheshareholding of A2R Holdings, Mauritius (part of promoter and promoter group of PFL).Further, an encumbrance has been created overthe shares held by members of the promoter andpromoter group of PFL, in the manner providedbelow.A2RMarchHoldings2021,onhas,17,73,299,666PFL,acquiredequitysharesofrepresenting 24.49% of PFL's share capital.followingdisclosedAsondate,theareasmembers of the promoter and promoter groupof PFL:1. Namit Malhotra;2. Monsoon Studio Private Limited;3. Naresh Malhotra; and4. A2R Holdings.17,79,07,833equityconstituting
Total promoter shareholding in the listed company	shares,59.45%PFLsharecapitalonofof(asMarch 17, 2021).
Encumbered shares as a % of promoter shareholding	NamitpledgebeencreatedAoverhasA2RMalhotra'sshareholdingentireinHoldingsof promoterpromoterandpart(ain favour of Novator Capitalof PFL)groupA2RMarchHoldingsLimited.onhas,17,73,299,666acquired2021,equitysharesof24.49%PFL'sPFL,representingshareofcapital as on such date.*100% shareholding ofSeparately, as on date,of PFL isthe promoterand promotergroupsubject to encumbrance (including non-disposalNovatorundertakingfavourCapitalofinLimited).

Namit Malhotra201, Priyanka Apts, N.S. Road, J.V.P.D Scheme, Juhu, Mumbai — 400056

Namit Malhotra
201, Priyanka Apts, N.S. Road, J.V.P.D Scheme, Juhu, Mumbai — 400056
	YES 4NO
Whether encumbered share is 50% or more of promotershareholding	NamitpledgebeenAcreatedoverhasA2RMalhotra'sshareholdingentireinof promoterpromoterHoldingsandpart(agroup of PFL). A2R Holdings acquired 24.49%of share capital of PFL on March 17, 2021, andin aggregate held 33.69% of share capital ofSuchPFL,aggregatesuchondate.asA2RPFLshareholdingHoldingsofin56.66%aggregateconstitutestheofpromoterpromotershareholdingandtheofgroup in PFL.
	100%Note:Separately,ondate,aspromoterpromotershareholdingandtheofPFLencumbrancegroupsubjectoftois(including non-disposal undertaking in favourof Novator Capital Limited).
	YES 4NO
Whether encumbered share is20%or more of totalshare capital	NamitpledgebeenAcreatedoverhasA2RMalhotra'sshareholdingentireinof promoterpromoterHoldingsandpart(agroup of PFL). A2R Holdings acquired 24.49%of share capital of PFL on March 17, 2021, andin aggregate held 33.69% of share capital ofSuchPFL,aggregatesuchondate.asA2RPFLshareholdingHoldingsofin56.66%aggregateconstitutestheofpromoterpromotershareholdingandtheofgroup in PFL.
	100%Note:Separately,ondate,aspromoterpromotershareholdingandtheofencumbrancePFLgroupsubjectoftois(including non-disposal undertaking in favourNovatorCapital Limited).of
of all the existing events/ agreements pertainiDetails	encumbrancengto
	Encumbranceencumbrance:DatecreationofofMarch 17, 2021, on which date A2R Holdingsacquired additional 73,299,666 equity sharesof the PFL.
	aforesaidacquisitionPriortheofto73,299,666 equity shares on March 17, 2021,A2R Holdings held 2,75,06,521equity shares

encumbranceof all the existing events/ agreements pertainiDetailsngto
	Encumbrance
	encumbrance:Datecreationofof
	March 17, 2021, on which date A2R Holdings
	acquired additional 73,299,666 equity shares
	of the PFL.
	aforesaidacquisitionPriortheofto
	73,299,666 equity shares on March 17, 2021,
	A2R Holdings held 2,75,06,521equity shares

	Namit Malhotra201, Priyanka Apts, N.S. Road, J.V.P.D Scheme, Juhu, Mumbai — 400056
		of PFL representing9.19% of PFL'sshareA2Rwhichwereacquiredbycapital,DecemberHoldings2020andon23,March2021,and disclosuresunder the12,TakeoverRegulationssame,weretheformade on December 28, 2020, December 29,2020 and March 16, 2021.
Type of encumbrance (pledge, lien, negative lien,non-disposal undertaking etc. or any other covenant,transaction, condition or arrangement in the natureof encumbrance)		Pursuant to a financing arrangement (enteredinto on December 18, 2020) amongst NamitMalhotra, A2R Holdings, Mauritius (an entityownedNamitMalhotra)whollyandbyNovator Capital Limited:
		Namitpledgebeencreatedoverhas(i)aA2RMalhotra'sshareholdingentireinA2R Holdings has, on March 17,Holdings*.2021, acquired additional 73,299,666 equityNoof PFL.direct pledgebeenshareshascreated on the equity shares of PFL;
		(ii) the members of the promoter and promotergroup of PFL, amongst other things, except asthereunder/consentedNovatorpermittedbyCapitalLimited,from:restrictedare(a)disposing of their shareholding in PFL;(b)ceasing control over PFL; and (c) creating anyfurther encumbrance over the equity shares ofPFL.
		Given the nature of the conditions under themorearrangement,conditionsoneareorlikely to fall within the definition of the term"encumbrance" for the purpose of Chapter Vof the Takeover Regulations.*
No. and % of shares encumbered		100%ordinary100constitutingshares,ofA2RHoldingshavebeensharecapitalofpledged.
		As on March 17, 2021, A2R Holdings held10,08,06,187equitysharesPBFL,ofrepresenting 33.69% of PFL's share capital.
	Namewhoseentity inof thefavour shares encumbered (X)	Novator Capital Limited
Specific detailsabout theencumbrance	WhetherXentitytheisacommercialscheduledbank,publicfinancialinstitution,NBFChousingfinanceorcompany?provideIf No,thebusinessnatureof theof theentity.	Y¥ES+ NONovatorLimitedCapitalprivateisa_alternative investment firm

Namit Malhotra 201, Priyanka Apts, N.S. Road, J.V.P.D Scheme, Juhu, Mumbai — 400056

	Namit Malhotra	201, Priyanka Apts, N.S. Road, J.V.P.D Scheme, Juhu, Mumbai — 400056
	Namesthe agreement	1. Namit Malhotra2. A2R Holdings, Mauritius (wholly ownedof all other entities in by Namit Malhotra), as the borrower of theloan facility3. Novator Capital Limited (lender)
	encumbranceWhethertherelating to any debt instruments availed by A2R Holdingscommercialdebenture,viz.paper,depositcertificateofprovidedetailsetc.?yes,Ifabout the instrument, includingcredit rating	is Not applicable — It relates to a loan facility
Security Cover/Asset Cover	event / agreement (A) Amountinvolvedwhichsharesencumbered) (B)Ratio of A/ B	Value of shares on the date of Not applicable — No direct pledge has beencreated over shares of PFL. Further, the non(against disposal undertaking has been provided overhave _ been the shares held by the promoter and promotergroup of PFL.
	Borrowed amount to be utilizedfor what purpose —(a) Personal use by promotersand PACsForbenefitthelisted(b)ofcompany
End use of money Provide	—— includingdetailsamount,purposeraisingofmoneycompany,bylistedscheduleutilizationforofrepaymentamount,scheduleetc.Anyreason(pleaseother(a)specify)	For personal use by promoters and PACs — thefacility has not been raised by PFL

and Encumbrance other encumbrances created in over favour the of shareholding Novator Capital of promoter Limited, and under promoter the facility group, arrangement, in PFL. is subject to the existing pledge

to \ ' ) = 4 ee i "

Namit Malhotra

Date: March 19, 2021