Panorama Studios approves ₹1,500 crore borrowing limit, re-appoints directors
- Approved borrowing powers limit of up to ₹1,500 crore under Section 180(1)(C)
- Recommended related-party transaction limit of ₹1,500 crore for shareholder approval
- Re-appointed Abhishek Pathak and two independent directors for new terms
- Scheduled 46th AGM for September 30, 2026, via video conferencing
*this image is generated using AI for illustrative purposes only.
Panorama Studios International approved a proposed borrowing limit of up to ₹1,500 crore and recommended the re-appointment of three directors at its board meeting held on September 4, 2026. The resolutions require shareholder approval at the upcoming annual general meeting.
The Mumbai-based film production company also authorized limits for related-party transactions and loans, guarantees, and investments. These proposals were tabled for member consent during the meeting held at its registered office in Andheri West.
Board Resolutions
The board transacted several key items requiring shareholder approval at the 46th Annual General Meeting (AGM), scheduled for September 30, 2026.
| Resolution Type | Proposed Limit / Action | Regulatory Reference |
|---|---|---|
| Borrowing Powers | Up to ₹1,500 crore | Section 180(1)(C) |
| Related Party Transactions | Up to ₹1,500 crore | Section 188 |
| Loans, Guarantees & Investments | Up to ₹1,250 crore | Section 186 |
The company also adopted the Directors’ Report, Management Discussion and Analysis (MD&A), and Corporate Governance Report for FY26. Additionally, the board took on record the Secretarial Audit Report issued by M/s. Nitesh Chaudhary & Associates for the fiscal year 2025-26.
Director Re-appointments
The board recommended the re-appointment of Mr. Abhishek Pathak, who is retiring by rotation and is eligible for re-appointment. He currently holds 6,61,71,875 equity shares in the company.
Furthermore, the board proposed the re-appointment of two independent directors for a second term of five consecutive years:
- Mr. Sandeep Kumar Sahu: Non-Executive Independent Director with over 13 years of experience in finance and business development.
- Mrs. Rekha Agarwal: Non-Executive Independent Director with expertise in corporate law and SEBI regulations.
Both independent directors hold nil equity shares in the company. Their terms are set to commence from December 29, 2026, and end on December 28, 2031.
AGM Details
The 46th AGM will be conducted through Video Conferencing (VC) or Audio-Visual Messaging (AOVM). The register of members and transfer books will remain closed from September 24, 2026, to September 30, 2026, both days inclusive. M/s. Nitesh Chaudhary & Associates has been appointed as the scrutinizer for the e-voting process.
Historical Stock Returns for Panorama Studios International
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.45% | -1.76% | 0.0% | 0.0% | 0.0% | 0.0% |
How does the proposed ₹1,500 crore borrowing limit align with Panorama Studios' current debt-to-equity ratio and future capital expenditure plans for film production?
What specific strategic initiatives or acquisitions might drive the need for ₹1,500 crore in related-party transactions and ₹1,250 crore in loans and guarantees?
How will the re-appointment of independent directors with expertise in finance and SEBI regulations impact the company's corporate governance and compliance strategies?
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