Prime Focus Limited — Share Issue/Capital Change 2019

Nov 28, 2019

ANNEXURE-II

Format of disclosure of reasons for encumbrance

Name of the Listed Company	Prime Focus Limited
Name of the recognised stock exchange	BSE Limited and National Stock Exchange of India
Where the shares of the company are listed	Limited
Name of the promoter (s)/ PACs whose	Promoter Group
shares have been encumbered	Mr. Naresh Malhotra1.
	2.Mr. Namit Malhotra
	3. Monsoon Studio Private Limited
	Person acting in concert:
	1.	Reliance MediaWorks Financial Services
	Private Limited**
Total promoter shareholding in the listed	Number of shares	% of total share capital
company
Promoter Group:
1.Mr. Naresh Malhotra	6,22,01,546	20.79
Mr. Namit Malhotra2.	1,49,00,000	4.98
Monsoon Studio Private Limited3.	2,75,06,095	9.19
Total Promoter's Shareholding	10,46,07,641	34.96
Person acting in concert:
**Reliance MediaWorks Financial ServicesPrivate Limited	35.0810,49,39,361

Rayla

Encumbered shares as a % of promotershareholdingPromoter Group:	Number of pledge shares	Pledge % of Promoterholding
1. Mr. Naresh Malhotra	1,08,54,395	17.45
2.Mr. Namit Malhotra	29,88,790	1.00
3.Monsoon Studio Private Limited	0	$\overline{0}$
Total	1,38,43,185	18.45
Person acting in concert:
**Reliance MediaWorks Financial ServicesPrivate Limited	10,49,39,361	100
Whether encumbered share is 50% or moreof promoter shareholdingPromoter Group:
Mr. Naresh Malhotra1.Mr. Namit Malhotra2.Monsoon Studio Private Limited3.	NoNoNo
Person acting in concert:
** Reliance Media Works Financial ServicesPrivate Limited	Yes
Whether encumbered share is 20% or moreof total share capitalPromoter Group
Naresh Malhotra1.2.Namit Malhotra3.Monsoon Studio Private Limited	NoNoNo
Person acting in concert:
**Reliance MediaWorks Financial ServicesPrivate Limited	Yes

Route

Promoter Group	Naresh Malhotra		Namit Malhotra	RelianceMediaWorksFinancialServicesPrivate Limited
	Encumbrance 1(Date ofcreation ofencumbrance:January 7,2015)	Encumbrance 2(Date ofcreation ofencumbrance:June 27, 2017)	Encumbrance 1(Date of creation ofencumbrance:June 27, 2017)	Encumbrance 1(Date ofcreation ofencumbrance:March 27,2018)
Type of encumbrance(pledge, lien, negative-lien,non-disposal undertakingetc. or any other covenant,transaction, condition orarrangement in the natureof encumbrance)	Pledge	Pledge	Pledge	Pledge
No. and % of sharesencumbered	93,60,000(3.13%)	14,94,395$(0.50%)$	29,88,790(1%)	10,49, 39,361(35.08%)
Specific details about theencumbrance:
Name of the entity in whosefavour shares encumbered	Yes BankLimited	Vistra (ITCL)India Limited	Vistra (ITCL) IndiaLimited	IDBITrusteeshipServicesLimited(Trustee)
Whether the entity is aschedule commercial bank,public financial institution,NBFC or housing financecompany? If No. provide thenature of the business of theentity.	Yes, it is aScheduleCommercialBank	No, it is aSecurity Trusteeon behalf of YesBank Limited	No, it is a SecurityTrustee on behalf ofYes Bank Limited	No,TrusteeshipServices
Name of all other entities inthe agreement	Prime FocusLimited /subsidiarycompanies	Yes BankLimited, PrimeFocus Limited /subsidiarycompanies	Yes Bank Limited,Prime FocusLimited / subsidiarycompanies	None
Whether the encumbrancerelating to any debtis.instruments viz. debenture,Commercialpaper,certificate of deposit etc? If	No	No	No	Yes1. Name of theissuer: RelianceMediaworksFinancial

Details of all the existing events/ agreements pertaining to encumbrance

Dav

	yes. Provide details about				Services Pvt
the	instrument, including				Ltd.
credit rating					2. Details ofdebtinstrument:6500 listed,rated,redeemable,non-convertibledebenturesaggregating toRs. 650 crores3. Whether theDebtinstrument islisted on stockexchanges? -Yes-BSE4. Credit Ratingof the debtinstrument:CARE BB (CE)2(as on date of30.09.2019)
					5.ISIN of theInstrument:INE889Z07012,INE889207020,INE889Z07038,INE889Z07046,INE889Z07053
SecurityCover/AssetCover	Value ofshares on thedate ofevent/agreement (A):	42,63,48,000(NSE - Closingprice as onJanuary 7,2015)	15,83,31,150(NSE - Closingprice as on June27, 2017)	31,66,62,301(NSE - Closing priceas on June 27,2017)	931.86cr(Closing priceas on March 27,2018)
	Amountinvolved(againstwhich shareshave beenencumbered)$(B)$ :	Listed entity:4,84,80,00,000Subsidiaries:3,02,00,00,000	Listed entity:4,84,80,00,000Subsidiaries:3,02,00,00,000	Listed entity:4,84,80,00,000Subsidiaries:3,02,00,00,000	638.20cr
	Ratio of(A)/(B)	0.054	0.020	0.040	1.46

Mary $\frac{2}{1}$

End use of Money	Capex/WorkingCapital/Refinancing	Capex/WorkingCapital/Refinancing	Capex/WorkingCapital/Refinancing	for repaymentof existing debtand generalcorporatepurpose.
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Signature of Authorised Signatory:

Place: Mumbai

Date: November 26, 2019

(**) As set out in the Letter of Offer dated December 08, 2014 issued by Reliance MediaWorks Limited along with Reliance Land Private Limited (PAC 1), Mr. Namit Malhotra (PAC 2), Mr. Naresh Malhotra (PAC 3), Monsoon Studio Private Limited (PAC 4), this includes 10,49,39,361 shares which were held by Reliance MediaWorks Limited, a person acting in concert with the Promoters. Further, Reliance MediaWorks Limited sold 10,49,39,361 shares on March 30, 2017 to Reliance MediaWorks Financial Services Private Limited (a wholly owned subsidiary of Reliance MediaWorks Limited) by way of inter-se transfer of shares under Regulation 10(1) (a)(iii) of SEBI (SAST) Regulations, 2011.

The total paid up capital of the Company as on March 31, 2019 is Rs. 29,91,82,312.