Panorama Studios International Limited has executed a Memorandum of Understanding (MoU) with Mr. Sugat Gyaneshwar Waghmare for the exploitation of theatrical rights for the Marathi language film titled "Out of Syllabus" across all India territory. The agreement, signed on May 26, 2026, covers the distribution and screening of the film throughout the country. This strategic move aims to leverage the theatrical platform to maximize the film's reach and audience engagement.

The film "Out of Syllabus" features a cast including Ajinkya Raoot, Adwayi, Sheshpal Ganvir, Sanika Torskar, and Abhijeet Ramchandra, with direction by Naveen Deshboina. The MoU outlines the terms for the theatrical release, ensuring structured rights management and revenue sharing. The collaboration is expected to enhance the film's market penetration through organized theatrical distribution channels.

Key Details of the Agreement

The disclosure was made to the Bombay Stock Exchange under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company secretary, Yatin Chaphekar, confirmed the execution of the MoU, emphasizing compliance with regulatory requirements. This filing ensures transparency regarding the company's operational activities and strategic partnerships.

The theatrical rights agreement marks a significant step in the film's distribution strategy, positioning it for a wide release across Indian cinemas. The partnership with Mr. Sugat Gyaneshwar Waghmare is anticipated to facilitate efficient management of the film's theatrical run, optimizing box office performance.

Panorama Studios International Limited has announced that its board of directors will meet on May 30, 2026. The meeting is scheduled to take place at the company's registered office in Mumbai. The primary agenda includes the consideration and approval of the audited financial results for the quarter and fiscal year ended March 31, 2026.

Agenda for the Meeting

The board will deliberate on several key matters pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The directors are set to consider and approve the Audited Financial Results for both standalone and consolidated entities. Additionally, the meeting will cover the approval of the Auditor's Report on these financial results.

Another critical item on the agenda is the approval of a declaration regarding the Auditors' Report, specifically confirming that it carries an unmodified opinion. This declaration is required under regulation 33(3)(d) of the SEBI regulations. The board may also discuss any other matters with the permission of the chairman.

Trading Window Closure

In accordance with the company's Code of Conduct to Regulate, Monitor and Report Trading by Designated Persons, the trading window for dealing in the company's securities has been closed. This closure applies to all directors and designated persons, including their immediate relatives. The window will remain shut until June 1, 2026, to ensure compliance with fair disclosure practices.

Meeting Details

The following table summarizes the key details regarding the upcoming board meeting:

The intimation was formally addressed to BSE Ltd. on May 22, 2026, by Yatin Vilas Chaphekar, the Company Secretary and Compliance Officer.