Panorama Studios International Limited (BSE: PANORAMA) has announced a significant development in its music division. The company's subsidiary, Panorama Music Private Limited, has successfully acquired the worldwide music distribution rights for the upcoming film 'Jolly LLB 3' from Jiostar India Pvt Ltd (formerly known as Star India Pvt. Ltd).

Star-Studded Cast and Sequel

'Jolly LLB 3' is set to be a high-profile release, featuring a star-studded cast including Akshay Kumar, Arshad Warsi, Amrita Rao, and Saurabh Shukla. The film, directed by Subhash Kapoor, continues the popular Jolly LLB franchise, which has garnered critical acclaim and commercial success in its previous installments.

Strategic Acquisition

This acquisition marks a strategic move for Panorama Music, expanding its portfolio in the competitive music distribution landscape. The worldwide rights for the film's music underscore the company's ambition to strengthen its position in the entertainment industry.

Corporate Disclosure

The announcement was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Yatin Chaphekar, Company Secretary of Panorama Studios International Limited, officially communicated this development to the Bombay Stock Exchange.

Impact on Panorama Studios International

While the financial details of the deal have not been disclosed, this acquisition is expected to contribute to Panorama Studios International Limited's revenue stream. The company's strategic focus on diversifying its entertainment portfolio through its music subsidiary could potentially enhance its market position in the media and entertainment sector.

Investors and stakeholders will be keenly watching how this deal impacts the company's financial performance in the coming quarters, especially given the high-profile nature of the 'Jolly LLB' franchise.

As the film industry continues to evolve, with music rights playing an increasingly crucial role in a project's overall commercial success, Panorama's latest acquisition could prove to be a significant step in its growth strategy.

Panorama Studios International Limited , a prominent player in the entertainment industry, has announced a significant development in its capital structure. The company's Preferential Allotment Committee has approved the conversion of warrants into equity shares, marking a notable change in its shareholding pattern.

Key Details of the Conversion

The Preferential Allotment Committee, in a meeting held on August 13, 2025, approved the conversion of 7,00,000 Equity Convertible Warrants into 35,00,000 equity shares. This conversion follows a specific ratio where each warrant of Rs. 10 face value is converted into 5 equity shares of Rs. 2 face value.

Financial Aspects

• Original Warrant Price: Rs. 274.00 per warrant (including a premium of Rs. 264.00)
• Conversion Price: Rs. 205.50 per warrant (75% of the issue price)
• Total Amount Received: Rs. 14,38,50,000

Allotment Details

Regulatory Compliance

The allotment of 35,00,000 equity shares, each with a face value of Rs. 2, has been completed on a preferential basis. This process adheres to Section 62 and other relevant provisions of the Companies Act, 2013. The company has also received in-principle approval from BSE Limited for this conversion.

Impact on Shareholding

This conversion of warrants into equity shares is expected to strengthen the promoter and promoter group's stake in the company. The newly issued shares will be on par with the existing equity shares of Panorama Studios International Limited.

Next Steps

The company has authorized its directors and company secretary to complete necessary formalities, including filing the Return of Allotment with the Registrar of Companies and admitting the new equity shares with NSDL/CDSL.

This strategic move by Panorama Studios International Limited reflects the company's efforts to optimize its capital structure and potentially strengthen its financial position in the competitive entertainment industry landscape.