Panorama Studios International Limited has announced Board approval for significant credit facilities from Kotak Mahindra Bank Limited, strengthening its financial position for business operations. The decision was taken at a Board meeting held on March 30, 2026, pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, demonstrating the company's strategic approach to capital management.

Credit Facility Details

The Board of Directors approved the acceptance of fund-based and non-fund-based credit facilities aggregating to Rs 65.00 crore from Kotak Mahindra Bank Limited. The facilities have been structured to support the company's principal business activities and operations. The Board meeting commenced at 12:45 PM and concluded at 1:30 PM.

Security Structure

The credit facilities will be secured through a comprehensive security framework involving both movable and immovable assets of the company.

Hypothecation Security

The facilities will be secured by way of hypothecation of current assets and movable fixed assets of the company, both present and future, as may be required by the bank from time to time for due repayment and discharge of the facilities.

Mortgage Security

An equitable mortgage will be created by deposit of title deeds for the company's Mumbai property as security for due repayment, discharge and redemption of the facilities together with interest, costs, charges and other monies payable to the bank:

Regulatory Compliance

The borrowing remains within the overall borrowing limits approved by shareholders at the Annual General Meeting held on September 30, 2025. The shareholders had authorized the Board to borrow monies up to an aggregate limit of Rs 1,250.00 crore pursuant to Section 180(1)(c) of the Companies Act, 2013.

The Audit Committee of the company duly reviewed and recommended the proposal for availing these credit facilities, ensuring proper governance protocols were followed.

Authorization Framework

The Board has authorized Mr. Kumar Mangat Pathak and Mr. Abhishek Pathak, jointly and severally, to undertake all necessary actions in connection with the credit facilities. Their comprehensive empowerment includes:

• Execute, sign and deliver facility agreements, hypothecation agreements, mortgage documents, escrow agreements and security documents (manually, digitally or electronically)
• Deposit title deeds for creating equitable mortgage
• Accept bank's e-platform for document execution, e-stamping, data storage and related activities
• Receive and send communications from the bank and third-party vendors via SMS, email on personal or registered contact details
• Complete all formalities with Aadhaar/OTP/Biometric authentication or USB token-based DSC

Additional Financial Opportunity

Panorama Studios International has received an in-principle offer from Kotak Mahindra Bank Limited for additional financial facilities worth Rs 10.00 crore. This offer is subject to completion of due diligence, execution of definitive agreements, fulfillment of terms and conditions, and receipt of necessary internal approvals from the bank.

The company may consider availing these additional facilities at an appropriate time, subject to completion of necessary documentation and approvals. The authorized persons will also handle discussions, document submission and formalities related to this in-principle offer if the company decides to proceed.

Panorama Studios International has announced a significant content distribution agreement through its subsidiary, with exclusive worldwide airborne rights secured for two Malayalam films. The company disclosed this development under Regulation 30 of the SEBI Listing Regulations on 23rd March, 2026.

Assignment Agreement Details

Panorama Studios Inflight LLP, a subsidiary of Panorama Studios International Limited, has executed an Assignment Agreement with Indywood Distribution Network. The agreement provides exclusive airborne rights exploitation for the entire world including India.

Film Portfolio

The agreement encompasses two Malayalam cinematographic films with distinct cast and directorial teams:

'Apoorva Puthranmar' features an ensemble cast including:

• Ashokan
• Alencier Ley Lopez
• Payal Radhakrishna
• Vishnu Unnikrishnan

The film is directed by Rejith RL and Sreejith Vijayan.

'Parannu Parannu Parannu Chellan' stars:

• Sajin Cherukayil
• Sreeja Das
• Sreenath Babu

This production is directed by Jishnu Harindra Varma.

Regulatory Compliance

The announcement was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure demonstrates the company's commitment to maintaining transparency with stakeholders regarding material agreements and business developments.

The agreement represents a strategic move in content distribution, particularly focusing on airborne entertainment services. This exclusive worldwide arrangement positions the subsidiary to capitalize on the growing in-flight entertainment market across global aviation networks.

Source: None/Company/INE258R01028/1fbb81c5-6ee9-4c0a-b9e8-65b90603145e.pdf