Archive · 8 Oct 2026
Income Tax Searches Prime Focus Offices Ahead of Ramayana
Tax officials searched several places in Mumbai connected to Prime Focus Limited, the company founded by Namit Malhotra.
The searches reportedly began on October 7 and continued into Wednesday morning.
Officials are looking at money transfers that may have gone overseas, but they have not said exactly which transactions are being checked.
The investigation is still underway, and a search does not prove that anyone broke the law.
Neither the tax department nor the company has made an official statement about the searches.
Prime Focus shares reportedly fell by about 8 per cent after the news.
The company is also connected to the making of Ramayana, a planned two-part film.
Reports put the film’s budget at around Rs 4,000 crore.
The Income Tax Department searched multiple Mumbai premises linked to Prime Focus Limited on October 7 and into Wednesday morning, according to reports.
The searches included Prime Focus offices and premises connected to people associated with the company, including financial advisers and chartered accountants.
Authorities are reportedly examining foreign remittances and overseas fund transfers; the specific transactions and scope have not been disclosed.
The investigation is ongoing, and the searches do not establish that financial wrongdoing occurred; neither the department nor Prime Focus issued an official statement.
Prime Focus shares reportedly fell around 8 per cent, while its two-part film Ramayana is in production and has a widely reported budget of about Rs 4,000 crore.
- Who
- The Income Tax Department searched premises linked to Prime Focus Limited, founded by Namit Malhotra.
- What
- Searches are reportedly connected to scrutiny of foreign remittances and overseas fund transfers.
- When
- The searches reportedly began on October 7 and continued into Wednesday morning; the articles do not specify the calendar year.
- Where
- Multiple locations in Mumbai, including Prime Focus offices and premises linked to people associated with the company.
- Why
- Authorities are examining alleged foreign remittances and possible tax-related irregularities; the specific transactions have not been disclosed.
Reported concerns
What is confirmed
Alleged financial irregularities
Reported concerns
Reports say tax authorities are examining foreign remittances, overseas fund transfers and possible tax-related irregularities.
What is confirmed
The specific transactions have not been disclosed, and the searches do not establish that wrongdoing occurred.
Timing of the searches
Reported concerns
Some headlines frame the searches as coming ahead of Ramayana’s release.
What is confirmed
The articles also say the film remains in production; no release date is established consistently in the reports.
- Search locations
- Multiple Mumbai premises, including Prime Focus offices and premises associated with company-linked individuals, advisers and chartered accountants.
- Timing
- Reportedly began on October 7 and continued into Wednesday morning.
- Reported focus
- Foreign remittances, overseas fund transfers and possible tax-related irregularities.
- Investigation status
- Ongoing; no finding of financial wrongdoing has been established.
- Official statements
- Neither the Income Tax Department nor Prime Focus Limited had issued an official statement on the searches or their outcome.
- Share movement
- Prime Focus shares reportedly fell around 8 per cent in morning trading on October 7.
- Ramayana
- The film is planned as a two-part project and has a widely reported budget of around Rs 4,000 crore.
Sources
Ahead Of Ramayana Release, Income Tax Department Raids Producer Namit Malhotra's Mumbai Offices
IT searches at Namit Malhotra’s Prime Focus offices a month before ‘Ramayana’ release: Report
