panorama studios international has executed a Memorandum of Understanding (MoU) with Smarters Films and Neeru Bajwa Entertainment to exploit theatrical rights for the Punjabi language film titled 'Thaapi'. The agreement covers distribution across Pan India and Overseas territories, expanding the company's reach in regional cinema. The film stars Neeru Bajwa and Sunny Singh, and is written and directed by Jagdeep Warring.

The MoU was finalized on June 08, 2026, as part of a strategic move to strengthen the company's content portfolio. This partnership allows Panorama Studios International Limited to leverage the theatrical potential of 'Thaapi' in key markets. The company disclosed this development to the Bombay Stock Exchange under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Details of the Agreement

The execution of this MoU marks a significant step in the company's distribution strategy. By securing rights for 'Thaapi', Panorama Studios International Limited aims to capitalize on the growing demand for Punjabi cinema domestically and internationally.

Panorama Studios International Limited reported a 45.7% decline in consolidated net profit to ₹998.45 lakh for the financial year ended March 31, 2026, driven by an 11.4% drop in revenue from operations to ₹30,849.83 lakh. The company’s standalone net profit for the year fell 45.7% to ₹2,195.54 lakh, while revenue from operations stood at ₹29,812.51 lakh, a decrease of 14.4% compared to the previous year. The board approved the audited financial results for both standalone and consolidated entities on May 30, 2026.

Financial Performance

The decline in profitability was attributed to increased operational expenses and finance costs. Consolidated operational expenses for FY26 rose to ₹26,302.13 lakh from ₹25,639.06 lakh in the previous year, while finance costs increased to ₹1,105.79 lakh from ₹890.60 lakh. On a standalone basis, operational expenses were ₹24,669.42 lakh, and finance costs totaled ₹907.33 lakh. The company’s earnings per share (EPS) on a consolidated basis for the year was ₹0.60, down from ₹1.18 in the prior year.

Segment and Operational Details

The company operates in a single segment, the production and distribution of content, in accordance with Indian Accounting Standards (Ind AS 108). The board also took on record and approved related party transactions for the quarter ended March 31, 2026. The statutory auditors, M/s. S I G M A C & CO, issued an unmodified opinion on the standalone and consolidated financial results.

Balance Sheet and Cash Flows

The company’s consolidated total assets as of March 31, 2026, stood at ₹82,070.23 lakh, an increase from ₹55,335.06 lakh in the previous year. Total equity and liabilities increased to ₹82,070.23 lakh, driven by a rise in share capital following a bonus issue and share split. Net cash from operating activities for the year was negative at ₹417.42 lakh, compared to a negative outflow of ₹2,588.10 lakh in the previous year. The company reported no investor complaints for the year ended March 31, 2026.

Key Financial Metrics (Consolidated, ₹ in Lacs)

Key Financial Metrics (Standalone, ₹ in Lacs)