Panorama Studios International Ltd (PSIL) held an extraordinary general meeting (EGM) on November 24, 2025, where shareholders approved three significant resolutions with overwhelming support. The meeting, conducted through video conferencing, saw participation from 43 members, including 5 promoters and 38 public shareholders.

Key Resolutions Passed

1. Increase in Authorized Share Capital: Shareholders approved an increase in the company's authorized share capital. This move aims to provide the company with greater flexibility for future growth and potential capital raising activities.

2. Bonus Issue Utilizing Free Reserves: The approval for a bonus issue, to be funded using the company's free reserves, was granted. This decision is expected to reward existing shareholders and potentially improve stock liquidity.

3. Alteration of Memorandum of Association (MOA): Shareholders gave their consent to alter the company's Memorandum of Association, likely to reflect the changes in authorized share capital and accommodate future business plans.

Voting Results

All three resolutions passed with an overwhelming majority:

Financial Context

To provide context for these corporate actions, let's look at some key financial metrics from PSIL's recent balance sheet (as of March 2025):

The company has shown significant growth in its balance sheet over the past year, with total assets increasing by 29.12% and shareholders' capital growing by 42.17%. This robust financial position likely contributed to the decision to issue bonus shares.

Implications for Investors

1. Capital Structure: The increase in authorized share capital suggests that PSIL may be preparing for future expansion or capital-intensive projects.

2. Shareholder Value: The bonus issue is typically viewed positively by investors as it increases their shareholding without additional cost, although the overall value of their investment remains the same.

3. Corporate Governance: The high approval rate for all resolutions indicates strong shareholder confidence in the company's management and strategic direction.

Investors should monitor how Panorama Studios International utilizes its expanded capital base and the impact of the bonus issue on the stock's market performance in the coming months.

Note: All financial figures are in Indian Rupees (₹) crore.

Panorama Studios International Limited has made a significant move in the film industry by acquiring the worldwide rights for the highly anticipated Malayalam film 'Drishyam 3'. This strategic acquisition marks a major step for the company in expanding its presence in the Indian and international film markets.

In a collaborative effort, Panorama Studios International Limited has partnered with Pen Media and Infrastructure Developers Private Limited (Pen Studios) to secure the worldwide theatrical and non-theatrical rights for the upcoming Malayalam language film, tentatively titled 'Drishyam 3'. This acquisition not only expands Panorama Studios' content portfolio in the regional cinema segment but also represents a strategic move in the Malayalam film market.

Key Details of the Acquisition

Significance of the Deal

This acquisition is noteworthy for several reasons:

1. Franchise Value: 'Drishyam' is a blockbuster franchise, and securing the rights to its third installment could potentially be a lucrative move for Panorama Studios.

2. Market Expansion: By obtaining worldwide theatrical rights, Panorama Studios is positioned to distribute the film not only in India but also in international markets, potentially tapping into the global Malayalam-speaking audience.

3. Multi-platform Strategy: The deal includes digital and airborne rights, allowing Panorama Studios to exploit the film across various distribution channels, maximizing its revenue potential.

4. Content Portfolio Enhancement: This acquisition adds a high-profile title to Panorama Studios' content library, potentially strengthening its position in the competitive media and entertainment industry.

The 'Drishyam' franchise has garnered critical acclaim and commercial success, with its previous installments performing well at the box office. The involvement of popular actor Mohanlal and the return of director Jeethu Joseph suggest that 'Drishyam 3' is likely to generate significant interest among audiences.

While financial details of the deal have not been disclosed, this move by Panorama Studios International Limited demonstrates the company's commitment to expanding its footprint in the film industry and diversifying its content offerings.