PLAB INVESTOR DEADLINE APPROACHING: Faruqi & Faruqi, LLP Reminds Photronics Investors of Securities Class Action Lawsuit Deadline on September 4, 2026

NEW YORK--(BUSINESS WIRE)--Jul 23, 2026--

Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Photronics, Inc. (“Photronics” or the “Company”) (NASDAQ: PLAB) and reminds investors of the September 4, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

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Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.

As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: The true state of Photronics’ high-end product pipeline, customer schedules, and the stability of the alleged demand for its products; notably, that the seasonal recovery and design release momentum following the Chinese New Year holiday the Company was claiming would develop had stalled. Photronics was experiencing a critical bottleneck in its design release pipeline that rendered its forward growth expectations unachievable.

On May 28, 2026, Photronics announced its financial results for the second quarter of fiscal 2026, revealing revenue and earnings well-below internal projections and highlighting a critical collapse of IC revenue by 11% sequentially. Management further provided third-quarter guidance below market consensus as the slowdown was expected to continue and margins were expected to continue their trend of compression. Management claimed that the projected seasonal recovery following the Chinese New Year holiday had failed to materialize due to extensive new product launch delays, elevated fab utilization rates, and geopolitical uncertainty.

Following this news, the price of Photronics’ common stock declined dramatically. From a closing market price of $53.51 per share on May 27, 2026, Photronics’ stock price fell to $34.02 per share on May 28, 2026, a decline of about 36.42% in the span of just a single day.

The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.

Faruqi & Faruqi, LLP also encourages anyone with information regarding Photronics’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

To learn more about the Photronics class action, go to www.faruqilaw.com/PLAB or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

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Frequently Asked Questions (FAQ) for Investors Regarding the Photronics Securities Class Action Lawsuit:

What is the Photronics securities fraud lawsuit about?

The lawsuit alleges that Photronics misled investors regarding the true state of its high-end product pipeline, customer schedules, and overall demand stability. While the Company claimed that design release momentum and a seasonal recovery would develop following the Chinese New Year, these had actually stalled. Instead, Photronics was experiencing a critical bottleneck in its design release pipeline that made its forward growth expectations unachievable.

Who may be eligible to participate in the lawsuit?

Investors who purchased or otherwise acquired Photronics, Inc. securities between December 10, 2025, and May 27, 2026, inclusive (the “Class Period”), and suffered financial losses may be eligible to participate in the lawsuit.

What is a lead plaintiff, and how can I seek appointment?

A lead plaintiff is a court-appointed representative who acts on behalf of the other class members in directing and overseeing the litigation. Generally, the court appoints the investor (or group of investors) with the largest financial interest in the relief sought by the class, provided they are adequate and typical of the other class members. Any member of the putative class may move the Court to serve as a lead plaintiff through counsel of their choice, such as Faruqi & Faruqi, or may choose to do nothing and remain an absent class member. Your ability to share in any financial recovery is not affected by whether or not you choose to serve as a lead plaintiff.

What should investors do if they purchased Photronics stock during the Class Period?

Investors who suffered losses in Photronics are encouraged to contact Faruqi & Faruqi directly to discuss their legal rights and options. If you wish to seek the role of lead plaintiff, you must file a motion with the court no later than the September 4, 2026 deadline. You can still participate in any potential recovery without serving as a lead plaintiff.

Why should investors contact Faruqi & Faruqi, LLP?

Faruqi & Faruqi, LLP has represented investors in securities litigation for decades and has recovered hundreds of millions of dollars for shareholders. Investors who purchased Photronics securities during the Class Period may contact the firm to discuss their legal rights, potential claims, and the lead plaintiff process at no cost or obligation.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP ( www.faruqilaw.com ). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

PLAB INVESTOR DEADLINE APPROACHING: Faruqi & Faruqi, LLP Reminds Photronics Investors of Securities Class Action Lawsuit Deadline on September 4, 2026

NEW DELHI (AP) — Thousands of young protesters were camped on the streets of India’s capital New Delhi on Thursday, defying new restrictions in the latest show of strength for a movement that has become one of the biggest challenges to Prime Minister Narendra Modi’s government.

India’s “Cockroach” protests began more than a month ago over alleged leaks in some of the country’s most competitive entrance exams for medical colleges and government jobs. The movement has since expanded beyond exam grievances, drawing professionals and families while channeling broader frustration.

Thursday’s demonstrations at Jantar Mantar, a designated protest site in New Delhi, followed overnight clashes in which police used tear gas and batons to disperse crowds, the second such confrontation this week.

On Monday, thousands of protesters had defied restrictions and marched toward Parliament before police broke up the demonstration with tear gas and batons.

Protesters regrouped by Thursday morning, returning to the protest site despite roadblocks, while authorities suspended Delhi Metro services at 16 stations across central New Delhi in an effort to limit access to the demonstrations.

The issue of exam leaks has become a powerful symbol of frustration for millions of young Indians. Protesters are demanding the resignation of Education Minister Dharmendra Pradhan, examination system reforms and compensation for families of students who died by suicide after exam paper leaks.

Facing mounting pressure, Modi addressed the issue publicly for the first time Thursday, announcing fast-track courts to handle examination paper leak cases. Fast-track courts are special courts created to speed up cases in India’s notoriously slow justice system.

“Nothing is more important than the welfare and future of our youth!,” Modi wrote on X.

The announcement failed to calm protesters, who said Modi was not addressing their demands for accountability and reform.

“Rather than providing solution which is convenient for him, he should work toward a solution which is convenient for the nation and set an example,” law student Daksh Bhargava said.

Leaders of the Cockroach Janta Party, which launched the protest movement, said they would not end the demonstrations until the education minister resigned. Staying true to the movement’s tongue-in-cheek style, its founder, Abhijeet Dipke, responded by posting a meme of Pradhan captioned, “Hi, my name is Nothing.”

The Cockroach movement began as online satire campaign in May and moved to the streets in June through smaller protests across cities. It gained momentum after prominent activist Sonam Wangchuk joined the demonstration and began a hunger strike that has lasted more than three weeks. Police forcibly transferred Wangchuk to a hospital over the weekend.

For many young Indians, the protests have become one of the few visible expressions of dissent in a country where demonstrations against Modi’s government have led to a broader crackdown on activists, opposition figures and public protests.

The movement’s rapid growth beyond student groups reflects wider frustration among young Indians and echoes a broader trend across South Asia, where young people have driven anti-government movements in recent years.

The movement also has gained a following among Indians of all ages over concerns about government accountability, unemployment and economic opportunity.

Opposition parties have backed the protests, using the issue to challenge the government in Parliament. Demonstrations and solidarity events have been held in other Indian cities, reflecting how the movement has spread beyond the capital.

India has one of the world’s youngest populations, with millions entering a labor market that has struggled to create enough secure, well-paying jobs. Despite years of rapid economic growth, many young people say their prospects have not improved.

As one of the country’s largest voting blocs, India’s youth could also become an increasingly important political force ahead of future elections.

Protesters shout slogans as they carry posters asking for the resignation of India's Minister of Education Dharmendra Pradhan at a protest led by Cockroach Janta Party in New Delhi, India, Wednesday, July 22, 2026. (AP Photo/Vipin)

A protestor holds a piece of paper with "Democracy?" written on it during a demonstration demanding educational reforms as part of the Cockroach Janta Party's ongoing protest movement in New Delhi, India, Wednesday, July 22, 2026. (AP Photo/Vipin)

Rhiya Ahir, a model, blocks a police van carrying detained protesters during a demonstration demanding educational reforms as part of the Cockroach Janta Party's ongoing protest movement in Mumbai, India, Wednesday, July 22, 2026. (AP Photo/Ashish Vaishnav)

A protestor sits on the hood of a police car during a demonstration demanding educational reforms as part of the Cockroach Janta Party's ongoing protest movement in New Delhi, India, Wednesday, July 22, 2026. (AP Photo/Vipin)