NSENews Verification7 Oct 2026 · 7 Oct 2026, 03:33 pm
News Verification
Prime Focus Limited · PFOCUS
✦ AI SummaryRegulatory
Prime Focus Limited has been subject to an Income Tax search at its Mumbai offices, but the company claims its business operations were not impacted and is cooperating with the authorities. The company has not received any communication from the Income Tax Department regarding findings or demands.
Analysis Scores
Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk8/10
Balance Sheet Risk2/10
Liquidity Impact6/10
Market Sentiment4/10
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Full Announcement
The Exchange has sought clarification from Prime Focus Limited with respect to recent news item captioned Prime Focus shares tank 8% after Income Tax raids at Mumbai offices: Exclusive. The response from the Company is attached.
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PFOCUS_07102026152825_PFLReplytoNSE07102026signed.pdf
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Date: October 07, 2026
National Stock Exchange of India Limited
Listing Department
Exchange Plaza,
Bandra Kurla Complex
Bandra East,
Mumbai - 400 051
Fax Nos.: 26598237/26598238
Ref: Scrip Code: NSE: PFOCUS
Sub: Clarification/Confirmation on news item appearing in “https://www.cnbctv18.com"
Dear Sir/ Madam,
This is with reference to recent news item which appeared in the “https://www.cnbctv18.com" dated 07th
October, 2026 captioned "Prime Focus shares tank 8% after Income Tax raids at Mumbai offices: Exclusive"
(the “News Item”).
We wish to inform you that the Income Tax Department has initiated a search proceeding under the provisions
of the Income Tax Act, 2025, on the morning of October 07, 2026, at certain offices of the Company. The search
is ongoing as on the date of this letter.
As on the date of this letter, the Company has not received any communication from the Income Tax Department
setting out any finding, demand or alleged contravention. The Company is therefore not in a position to comment
on, and does not wish to speculate on, the other matters reported in the News Item, including the stated subject
matter of the search. The Company has reached out to officials of the Income-tax department seeking necessary
information in this regard.
We are fully co-operating with the officials of the Income Tax Department and are providing them the necessary
information, documentation and clarifications sought by them.
The Company will update the Stock Exchanges and will disclose any further material developments in this regard
in accordance with the applicable laws.
The business operations of the Company continue as usual and were not impacted due to the search.
Kindly take the same on record and acknowledge the receipt.
Thanking you.
Yours Faithfully,
For Prime Focus Limited
Parina Shah
Company Secretary