Panorama Studios International Executes Licensing Agreement with Lovely Films for Hindi Film 'Kissa Court Kachehari Ka'

1 min read     Updated on 07 May 2026, 05:30 PM
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Panorama Studios International executed a licensing agreement with M/s Lovely Films Private Limited on 07/05/2026 for the syndication of non-theatrical rights on an exclusive basis for the whole world territory of the Hindi film 'Kissa Court Kachehari Ka'. The film is directed by Rajnish Jaiswal and stars Rajesh Sharma, Brijendra Kala, Neelu Kaur Kohli, Anju Jadhav, Susheel Chandar Bhan Parashar, Krishna Singh Bisht, and Avanya Kumari. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

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Panorama Studios International has executed a licensing agreement with M/s Lovely Films Private Limited for the syndication of non-theatrical rights of the Hindi language film titled 'Kissa Court Kachehari Ka'. The agreement grants rights on an exclusive basis for the whole world territory. This disclosure was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and was announced on 07/05/2026.

Agreement Details

The key details of the licensing agreement are outlined below:

Parameter: Details
Agreement Type: Licensing Agreement
Counterparty: M/s Lovely Films Private Limited
Rights Type: Non-Theatrical Rights (Exclusive Basis)
Territory: Whole World
Film Title: Kissa Court Kachehari Ka
Language: Hindi
Announcement Date: 07/05/2026

Film Cast and Crew

The film features a notable ensemble cast and is helmed by a seasoned director. The complete cast and crew details are as follows:

Role: Name
Director: Rajnish Jaiswal
Cast: Rajesh Sharma
Cast: Brijendra Kala
Cast: Neelu Kaur Kohli
Cast: Anju Jadhav
Cast: Susheel Chandar Bhan Parashar
Cast: Krishna Singh Bisht
Cast: Avanya Kumari

Regulatory Disclosure

The announcement was made by Panorama Studios International in compliance with Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time. The disclosure was submitted to the Department of Corporate Services, Bombay Stock Exchange Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400001. The communication was signed by Yatin Chaphekar, Company Secretary of Panorama Studios International, on 07/05/2026.

Historical Stock Returns for Panorama Studios International

1 Day5 Days1 Month6 Months1 Year5 Years
-4.36%-10.27%+0.81%-27.42%-29.48%+1,574.11%

How might the worldwide exclusive non-theatrical rights deal for 'Kissa Court Kachehari Ka' impact Panorama Studios International's revenue streams and stock performance in the coming quarters?

Could this licensing agreement with Lovely Films Private Limited signal a broader strategy by Panorama Studios to monetize its content library through non-theatrical channels, and what other films might follow?

What are the potential OTT, airline, or institutional screening opportunities that Lovely Films could leverage under the worldwide non-theatrical rights, and how large is that addressable market for Hindi films?

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Panorama Studios International Discloses Cybersecurity Incident at Third-Party Service Provider

2 min read     Updated on 07 May 2026, 04:53 PM
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Panorama Studios International disclosed a cybersecurity incident at its third-party hosting and email service provider to the Bombay Stock Exchange on 07 May 2026, under Regulation 30 of SEBI's LODR Regulations. The breach stemmed from a critical zero-day vulnerability, CVE-2026-41940, affecting cPanel/WHM servers, which was exploited despite the service provider implementing recommended security updates. The attacker deleted database and historical backup data, rendering certain data partially or wholly unrecoverable, while the company's website was taken offline and email services were disrupted. The company clarified that its internal IT infrastructure was not affected and that it is coordinating with the service provider on restoration and remediation efforts.

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Panorama Studios International has filed a disclosure with the Bombay Stock Exchange under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, informing stakeholders of a cybersecurity incident at a third-party service provider responsible for hosting and managing the company's official email systems and website. The disclosure, dated 07 May 2026, was signed by Company Secretary Yatin Chaphekar.

Nature of the Cybersecurity Incident

The incident originated from a critical zero-day vulnerability, identified as CVE-2026-41940, which affects servers running the latest versions of cPanel/WHM. The vulnerability was disclosed by cPanel on 30 April 2026, with the advisory noting that it could potentially allow unauthorized access to hosting control panels, resulting in modification or deletion of user data. The company received a communication dated 07 May 2026 from the service provider detailing the sequence of events.

According to the service provider's communication, despite the immediate implementation of recommended security updates and mitigation measures upon receiving the advisory, the hosting infrastructure was subjected to a sophisticated cyberattack. The attacker gained unauthorized access and severely damaged user data and services. Multiple suspicious files were also identified on certain user accounts.

Impact on Data and Operations

The following table summarises the key details of the incident as disclosed:

Parameter: Details
Vulnerability ID: CVE-2026-41940
Affected Software: cPanel/WHM (latest versions)
Vulnerability Disclosed By: cPanel on 30 April 2026
Communication Received: 07 May 2026
Services Affected: Official email systems and company website
Data Impact: Partial or no recovery possible for certain data
Backup Status: Historical backup data deleted by attacker

The attacker allegedly deleted database server data as well as historical backup data from the compromised environment, thereby restricting restoration from backup sources. As a result, certain data may only be partially recoverable or may not be recoverable at all. The service provider has since migrated all remaining recoverable data to a new server environment, as the compromised server was no longer considered secure or trustworthy.

Company's Clarifications and Precautionary Measures

Panorama Studios International has provided the following clarifications regarding the incident:

  • The incident occurred at the level of the external service provider and not within the company's internal IT infrastructure.
  • The company is in continuous coordination with the service provider to assess the nature and extent of the incident.
  • The impact on the company's data and operations is currently being evaluated.

As precautionary measures, the following steps have been taken:

  • The company's website has been temporarily taken offline.
  • Email communications may be disrupted or unreliable during this period.

Stakeholders have been advised to exercise caution and verify any communication claiming to be from the company until further notice.

Ongoing Remediation and Next Steps

The service provider is currently undertaking restoration and remediation measures, with efforts underway to recover website data from alternative resources. Panorama Studios International has also stated that it is reviewing additional safeguards to mitigate such risks. The company has committed to keeping the stock exchange informed of any further material developments in this regard. A copy of the communication received from the third-party service provider has been enclosed as Annexure – A with the regulatory filing.

Historical Stock Returns for Panorama Studios International

1 Day5 Days1 Month6 Months1 Year5 Years
-4.36%-10.27%+0.81%-27.42%-29.48%+1,574.11%

How might Panorama Studios International's reliance on a third-party hosting provider affect its future IT infrastructure strategy, and will the company consider bringing email and website management in-house?

What potential regulatory or legal liabilities could Panorama Studios International face from SEBI or other authorities if stakeholder data is found to have been permanently compromised in this breach?

Given that CVE-2026-41940 affects the latest versions of cPanel/WHM, how many other BSE/NSE-listed companies using similar hosting infrastructure could be exposed to the same vulnerability, and what systemic risk does this pose to corporate disclosures?

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