Panorama Studios approves ₹1,500 crore related-party limit at 46th AGM
- Panorama Studios International held its 46th AGM on September 30, 2026, via VC/OAVM
- Shareholders approved revision of material related-party transaction limit up to ₹1,500 crore
- Special resolutions passed for borrowing powers under Section 180(1)(c) and investments under Section 186
- Independent directors Sandeep Kumar Sahu and Rekha Agarwal reappointed for second five-year terms
*this image is generated using AI for illustrative purposes only.
Panorama Studios International Limited concluded its 46th Annual General Meeting (AGM) on September 30, 2026, approving key resolutions including a revision in material related-party transaction limits up to ₹1,500 crore.
The meeting was conducted through Video Conferencing (VC) and Other Audio-Visual Means (OAVM) in compliance with SEBI Listing Regulations. It commenced at 3:00 pm and concluded at 3:14 pm. The company utilized the e-voting facility provided by National Securities Depository Limited (NSDL), with voting rights exercisable from September 27 to September 29, 2026.
Resolutions passed
The shareholders deliberated and approved several ordinary and special resolutions. The adoption of standalone and consolidated audited financial statements for FY26 was among the primary agenda items. Additionally, the board sought approval for increased borrowing powers under Section 180(1)(c) of the Companies Act, 2013, and limits for loans, guarantees, security, and investments under Section 186.
| Resolution Item | Nature | Key Detail |
|---|---|---|
| Adoption of accounts | Ordinary | Standalone & consolidated FY26 financials |
| Director appointment | Ordinary | Replacement of retiring director by rotation |
| Related-party transactions | Special | Limit revised up to ₹1,500 crore |
| Borrowing powers | Special | Under Section 180(1)(c) of Companies Act, 2013 |
| Loans and investments | Special | Limits increased under Section 186 |
| Independent director reappointment | Special | Sandeep Kumar Sahu for second term |
| Independent director reappointment | Special | Rekha Agarwal for second term |
Governance and attendance
Mr. Kumar Mangat Pathak, Chairman and Managing Director, provided a brief overview of business developments over the past year. The meeting was attended by directors including Mr. Abhishek Pathak, Mr. Vinesh Shah, and Ms. Rekha Agarwal. Mr. Yatin Vilas Chaphekar served as Company Secretary, while Mr. Rahul Sarda of Sigma C & Co. attended as the statutory auditor. Mr. Nitesh Chaudhary of Nitesh Chaudhary & Associates acted as the scrutinizer for the e-voting process.
Three registered members participated as speakers during the session. The Chairman announced that the final e-voting results, along with the scrutinizer’s report, would be declared within two working days on the BSE Limited platform and the company’s website.
Historical Stock Returns for Panorama Studios International
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.49% | +7.10% | +31.07% | +29.16% | +29.16% | +29.16% |
What specific strategic initiatives or upcoming film projects will utilize the newly approved ₹1,500 crore related-party transaction limit?
How will the expanded borrowing powers under Section 180(1)(c) impact Panorama Studios' capital structure and leverage ratios in the coming fiscal year?
Are there specific regulatory or governance concerns regarding the significant increase in related-party transaction limits for a media company?
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