panorama studios international has executed a Film Distribution Licensing Agreement with M/S AA AA Films. The agreement pertains to the exploitation of theatrical rights for the cinematographic film titled "Bhamardo" across the all India territory.

The film "Bhamardo" is a Gujarati-language project starring Jash Trada, Hitarth Yadav, and Kalpana Gagdekar, among others. The direction of the film has been handled by Shailesh Padsala. This strategic partnership aims to leverage the distribution network of M/S AA AA Films to maximize the film's reach within the specified territory.

Agreement Details

The agreement was finalized on May 20, 2026. It grants M/S AA AA Films the rights to distribute the film theatrically throughout India. This move is expected to enhance the visibility and commercial performance of the film upon its release.

The announcement was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has requested the stock exchanges to take this information on record.

Panorama Studios International Limited's subsidiary, Panorama Studios Inflight LLP, has executed an agreement with Satish Sharma for the exclusive exploitation of airborne rights of the short film titled 'Yaan'. The agreement covers airborne rights on an exclusive basis for the entire world, including India. This development was communicated to the Bombay Stock Exchange pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Agreement Details

The key details of the agreement are outlined below:

Film Cast and Creative Team

The short film 'Yaan' features the following cast members:

• Sukhram Bhabhar
• Kamli Bhabhar
• Master Suresh
• Mohan Bhuriya
• Others

The film is directed by Satish Sharma, who is also the counterparty to the agreement executed by Panorama Studios Inflight LLP.

Regulatory Disclosure

The announcement was made by Panorama Studios International Limited to the Department of Corporate Services at the Bombay Stock Exchange Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400001. The disclosure was filed 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 communication was signed by Yatin Chaphekar, Company Secretary of Panorama Studios International Limited.