I want to adjust the panel from one column to two column in the report along with other components in the report. will it possible ?
Yes, such a thing is possible, please refer to the Creating Multi-Column Report - Across the Page and Then Down - Telerik Reporting KB article for more details.
In the article, you will find a step-by-step guide on how to implement multi-columns in a list/panel item, as well as a sample report at the end.
Please let me know if you have any additional questions.