Hello Vimalraj,
Thank you for posting question on Microsoft Windows Forum!
Based on the issue description. The possible cause for this issue might be the result of a security hardening change introduced by Microsoft in October 2025 security updates like KB5070960 / KB5066791.
The plausible explanation to this is that to block automated NTLM hash leaks over SMB (which can happen when a preview handler blindly parses external assets like fonts or images via a UNC path), Microsoft flipped the default behavior of the Windows Shell Preview.Specifically, the underlying registry value for URLACTION_SHELL_PREVIEW (180F) inside the Internet Zone (Zone 3) was changed from 0 (Enabled) to 3 (Disabled). As a result, File Explorer strictly blocks the preview handler for any local files carrying the Mark of the Web (MotW) (ZoneId=3/4) and any files residing on Network Shares that Windows natively misclassifies or treats as part of the Internet Zone (often due to accessing shares via FQDN or IP instead of NetBIOS).
The suggestion here is to map network shares to the local intranet zone to see if it works. If the issue is primarily affecting PDFs on your file servers, it means Windows is evaluating those UNC paths under Zone 3 (Internet). Forcing your file servers into the Local Intranet Zone (Zone 1) bypasses the preview block without compromising internet-downloaded file security. You can open your Group Policy Management Console. Navigate to this path Computer Configuration (or User) -> Administrative Templates -> Windows Components -> Internet Explorer -> Internet Control Panel -> Security Page. Open Site to Zone Assignment List. Set it to Enabled and click Show... Add your file servers or domain roots. The value Name should be \server_name or \*.domain.local (Your file share paths) and set the value to 1 (This explicitly maps them to the Local Intranet Zone).
Please note: Performing the above suggestion in a testing environment first before widely rolling out.
For further reference https://learn.microsoft.com/en-us/answers/questions/5728547/how-to-use-preview-feature-given-the-oct-update-th
Hope the above information is helpful!