Prime Focus Limited announced that at its board meeting held on June 30, 2022, approved the resignation of Mr. Udai Dhawan as a Non-Executive Director of the Company, with effect from closure of business hours of June 30, 2022, due to his other professional commitments; approved the appointment of Mr. Vibhav Niren Parikh as an Additional Non-Executive Director of the Company with effect from July 01, 2022. Vibhav Niren Parikh is an Executive Director in the India team of Affirma Capital and is based in Mumbai, India. Vibhav is an accomplished entrepreneur, investment banker, and private equity investment professional with 21 years of progressive experience in business leadership, client relationships, transaction origination and execution, and investment management at Affirma Capital, Standard Chartered Private Equity (SCPE), TPG, AdImpact (one of India's first digital signage companies), Citigroup, ICICI Securities, and Merrill Lynch.

He has extensive experience in the M&A advisory /private equity markets in India. Vibhav has served on the Board of Directors of key portfolio companies, including Prime Focus Technologies. Vibhav has a BBA with "High Distinction" from the Stephen M. Ross School of Business, University of Michigan, Ann Arbor.