Panorama Studios International Limited announced the completion of its Board of Directors meeting held on February 14, 2026, where key financial and regulatory matters were addressed. The meeting took place at the company's registered office located at Unit No. 2202, 2203, 2204, Signature, Suresh Sawant Road, Off Veera Desai Road, Andheri (West), Mumbai.

Financial Results Approval

The board approved several critical financial documents for the reporting period:

Regulatory Compliance and Policy Reviews

The board conducted comprehensive reviews to ensure regulatory adherence. Under Regulation 46(1) of the SEBI LODR Regulations, the board reviewed website contents to verify that all statutory information and disclosures are properly displayed, updated, and compliant with applicable regulations.

The company undertook extensive policy and code reviews covering multiple areas:

Governance and Director-Related Policies

• Familiarization Program for Independent Directors
• General Terms & Conditions of Appointment of Independent Directors
• Code of Conduct for Board of Directors & Senior Management Personnel
• Criteria for Making Payment to Non-Executive Directors
• Nomination & Remuneration Policy

Corporate and Compliance Policies

• Policy for Determining Material Subsidiaries
• Related Party Transaction Policy
• Insider Trading Policy
• Policy for determining materiality of Events
• Policy on Archival of Documents
• Risk Management Policy
• Whistle Blower Policy
• Policy on Sexual Harassment
• CSR Policy
• Dividend Policy

Auditor Review and Subsidiary Structure

SIGMAC&CO, Chartered Accountants (Firm Registration No. 116351W), conducted the independent auditor's review for both standalone and consolidated financial results. Partner Rahul Sarda (ICAI Membership No. 135501) signed off on the review reports dated February 14, 2026.

The consolidated results encompass the following entities:

Meeting Details and Compliance

The board meeting commenced at 4:00 PM and concluded at 6:00 PM on February 14, 2026. Company Secretary & Compliance Officer Yatin Chaphekar (ACS 72316) signed the regulatory filing, confirming that all reviewed policies and codes comply with applicable laws and are properly hosted on the company's website.

The auditors confirmed that nothing came to their attention suggesting the financial statements contain material misstatements or fail to meet disclosure requirements under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Panorama Studios International Limited has announced a significant content distribution agreement through its subsidiary for the cinematographic film 'Heer Express'. The company disclosed this development under regulatory compliance requirements to the Bombay Stock Exchange.

Agreement Details

Panorama Studios Inflight LLP, a subsidiary of Panorama Studios International Limited, has executed an Assignment Agreement with Merry Go Round Studios LLP. The agreement grants exclusive airborne rights for the cinematographic film titled 'Heer Express' with worldwide coverage including India.

Film Production Details

The cinematographic film 'Heer Express' features a notable ensemble cast and experienced direction. The project brings together established actors across different segments of the Indian film industry.

Cast and Crew

Lead Cast:

• Divita Juneja
• Prit Kamani
• Ashutosh Rana
• Sanjay Mishra
• Gulshan Grover

Direction:

• Directed by Umesh Shukla

Regulatory Compliance

The announcement was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was submitted to the Department of Corporate Services at Bombay Stock Exchange Limited on February 4, 2026.

The agreement represents Panorama Studios International Limited's continued expansion in content distribution and exploitation rights across different media platforms. The exclusive nature of the airborne rights agreement provides the company with comprehensive control over the film's distribution in the aviation entertainment sector globally.

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