Panorama Studios Clarifies Delay in Income Tax Investigation Disclosure

Panorama Studios International Ltd has submitted a clarification to the stock exchange regarding a delay in disclosing information about a search conducted by the Income Tax Department's Investigation Wing. The search involved the company's registered office and certain promoters and key management personnel. The company stated that the delay was inadvertent, as it required time to ascertain, verify, and internally confirm the relevant facts before making an accurate and complete disclosure. They have now filed the disclosure and assured the exchange of utmost care in future compliance with disclosure regulations.