Prime Focus says the Income Tax Department began a search at its offices; operations continue as usual
- Exchange query
- Media & Entertainment
Prime Focus Limited has told the exchanges on 7 Oct 2026, in reply to a request for clarification on a news item on cnbctv18.com headlined “Prime Focus shares tank 8% after Income Tax raids at Mumbai offices: Exclusive”, that the Income Tax Department began a search under the Income Tax Act, 2025 on the morning of 7 Oct 2026 at certain offices of the company. The search was ongoing at the time of the letter.
The company says it has received no communication from the department setting out any finding, demand or alleged contravention, and so cannot comment on the other matters in the news item. It is cooperating with the officials, says business operations continue as usual and were not affected, and will update the exchanges on material developments.
Inference
The company confirms the search but not its purpose, and no demand or finding has been communicated. Any consequence depends on what the department concludes.
Reference: Original filing (PDF)
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