Income Tax search and seizure proceedings have concluded, no adverse findings
PFOCUS · price
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Income Tax Department search and seizure proceedings at Prime Focus offices and promoter directors' residences, initiated on October 7, 2026, have concluded on October 14, 2026. The company fully cooperated. As on date, no order or direction indicating adverse findings has been issued. The proceedings have had no impact on operations, financials, or business activities, which continue as usual.
No negative order yet and company says no material effect on operations; stock may see relief but most materials will depend on next court ruling.