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

Panorama Studios International has received formal board approval for establishing a wholly owned subsidiary in the United Arab Emirates with an investment of up to AED 1,00,000. The board meeting held on March 21st, 2026, authorized this strategic expansion to strengthen the company's global presence in the entertainment industry.

Regulatory Disclosure and Compliance

The company has disclosed the subsidiary incorporation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The formal communication was sent to the Bombay Stock Exchange Limited, providing comprehensive details about the proposed UAE subsidiary structure and business objectives.

Strategic Business Objectives

The proposed UAE subsidiary will focus on multiple revenue-generating activities in the global entertainment sector. The subsidiary will serve as the international content development and global distribution arm of the company, targeting diverse geographical territories.

Management Authorization Framework

The board has authorized Mr. Kumar Mangat Pathak, Managing Director, to execute the subsidiary establishment process. His comprehensive responsibilities include finalizing subsidiary structure, executing incorporation documents, and ensuring regulatory compliance across both jurisdictions.

Market Expansion Impact

The UAE subsidiary establishment represents a strategic move to penetrate Middle Eastern and global markets. The initiative focuses on multilingual content distribution and intellectual property monetization, positioning the company for enhanced international revenue streams through diverse content commercialization channels.