Prime Focus shares were locked in 5% upper circuit after Sebi closed its investigation. The market regulator found the company used correct accounting for business transfers. Allegations of misleading financial statements and irregularities were unsubstantiated. Proceedings against the company and its directors have been dismissed. This decision impacts the company's financial reporting and market standing.
Prime Focus shares surged 5% after SEBI halted proceedings in a case regarding misleading financials. The market regulator found the company employed correct accounting practices for business transfers, dismissing allegations of irregularities. This decision positively impacts…
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