Reply to exchange on delay in disclosing Income Tax search at office and promoter premises

Panorama Studios has told BSE why its disclosure about an Income Tax search came late.

Mon 12 Oct 2026

Earlier disclosure date

06 October 2026

Earlier disclosure update time

04:06:10 PM

Subject of earlier disclosure

search by officers of the Investigation Wing of the Income Tax Department at registered office and at premises of certain promoters and…

What this update is about

Panorama Studios International has written to BSE explaining the delay in an earlier disclosure. On 06 October 2026, the company had informed the exchange about a search conducted by officers of the Investigation Wing of the Income Tax Department at the registered office of the company and at the premises of certain promoters and key management personnel.

The exchange then raised observations about the timeline of that disclosure, and this letter is the company's reply.

The company's explanation

• The delay in update the disclosure was inadvertent.
• The company says it required reasonable time to ascertain, verify and internally confirm the relevant facts and details pertaining to the proceedings before making an accurate and complete disclosure.
• It states that it shared the disclosure on 06 October 2026 at the earliest possible opportunity, once the requisite details were confirmed.
• The earlier disclosure was shared on 06 October 2026 at 04:06:10 PM.

What the company says it will do

• It has taken due note of the exchange's observations.
• It says it shall exercise utmost care to ensure timely compliance with disclosure requirements under Regulation 30 read with Schedule III of the SEBI (LODR) Regulations, 2015 and applicable SEBI circulars.
• It has requested the exchange to take the clarification and additional details on record.

How to read this

The letter is about the timing of the earlier disclosure rather than a fresh development in the search itself. For a retail investor, the key point is that the company has acknowledged the procedural lapse flagged by the exchange and has committed to timely disclosures going forward. The underlying event referred to is the Income Tax search covered in the 06 October 2026 disclosure, details of which are set out in that earlier announcement.

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