Prime Focus Limited has announced significant changes in its leadership as the company grapples with financial challenges. On November 12, 2025, the board convened to disclose the unaudited financial results for the second quarter and half-year ending September 30, 2025, revealing a net loss of Rs. 183.72 lakh. This marks a continued decline, as the company reported a loss of Rs. 535.45 lakh for the same period last year. The financial results have raised concerns about the company's operational efficiency and profitability, prompting a reevaluation of its management structure.
In a strategic move to address these challenges, the board appointed Mr. Vikas Rathee as the new Chief Financial Officer (CFO) effective November 13, 2025, following the resignation of Mr. Nishant Avinash Fadia from the position. Additionally, Ms. Shalini Govil Pai has been appointed as an Additional Non-Executive Independent Director for a term of five years, pending shareholder approval. This restructuring comes after the resignation of another board member, Mr. Merzin Darayus Tavaria, due to other commitments, indicating a significant shift in the company's governance.
Amid these leadership changes, Prime Focus Limited faces a critical juncture as it seeks to stabilize its financial performance. The latest financial report showed a total income of Rs. 116,753 lakh against total expenses of Rs. 141,228 lakh, leading to a loss before tax of Rs. 244.75 lakh. The company is focusing on improving its operational efficiency and is likely to implement strategic initiatives to regain investor confidence and enhance its market position. The upcoming months will be pivotal as the newly appointed management team works to turn around the company's fortunes.