Panorama Studios International Limited has announced plans for a significant corporate action, proposing a bonus share issue and an increase in its authorized share capital. The company's Board of Directors has scheduled an Extraordinary General Meeting (EGM) for November 24, 2025, to seek shareholder approval for these key proposals.

Proposed Bonus Share Issue

The company is proposing to issue bonus shares in a ratio of 5:2, meaning shareholders will receive five new fully paid-up equity shares for every two existing shares held. This move aims to reward shareholders and capitalize on the company's accumulated reserves.

Authorized Capital Increase

To facilitate the bonus issue, Panorama Studios International is seeking to increase its authorized share capital from Rs. 16.00 crores to Rs. 60.00 crores. This increase would be divided into 30 crore equity shares of Rs. 2 each.

Key Details of the Proposals

*Post bonus issue

Financial Implications

The company plans to capitalize up to Rs. 37.22 crores from its free reserves to issue the bonus shares. This move will significantly increase the paid-up share capital without affecting the company's cash reserves.

EGM Details

The Extraordinary General Meeting will be conducted through video conferencing on November 24, 2025. Shareholders will vote on two key resolutions:

1. Increase in authorized share capital
2. Approval for the bonus share issue

Additional Information

• The bonus shares will be issued only in dematerialized form.
• New shares will rank equally with existing shares in terms of rights and benefits.
• The record date for determining eligible shareholders will be announced later by the Board.

Shareholders are advised to participate in the EGM and cast their votes on these important corporate actions. The outcome of this meeting could have significant implications for the company's capital structure and shareholder value.

Panorama Studios International Limited has announced a significant move in the entertainment sector through its subsidiary, Panorama Studios Inflight LLP. The company has executed three separate Content License Agreements for exclusive worldwide airborne rights to Kannada language films, expanding its portfolio in the regional cinema market.

Deal Details

The agreements cover three Kannada films, each with its unique cast and director:

Scope of Rights

All three agreements grant Panorama Studios Inflight LLP exclusive airborne rights for the entire world, including India. This move allows the company to exploit these rights across various in-flight entertainment platforms globally.

Strategic Implications

This strategic acquisition of airborne rights for multiple Kannada films suggests Panorama Studios' intent to strengthen its position in the in-flight entertainment sector, particularly with regional content. By securing these exclusive rights, the company is poised to offer diverse content options to airlines and potentially increase its revenue streams from the growing in-flight entertainment market.

Regulatory Compliance

The company has made these announcements in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This adherence to regulatory requirements underscores Panorama Studios International Limited's commitment to transparency in its business operations.

As the entertainment industry continues to evolve, with a growing emphasis on regional content and diverse distribution channels, Panorama Studios' latest move could be seen as a strategic step to capitalize on these trends. Investors and market watchers may want to keep an eye on how this expansion into Kannada cinema rights for in-flight entertainment impacts the company's performance in the coming quarters.