Panorama Studios International Limited (PSIL) has made a significant move in the entertainment industry by securing exclusive worldwide non-theatrical rights for the upcoming Hindi film 'Chidiya'. The company announced on November 3, 2025, that it has executed a Content License Agreement with Smiley Films LLP for this purpose.

Film Details

'Chidiya', directed by Mehran Amrohi, boasts a cast including Svar Kamble, Ayush Pathak, and Vinay Pathak, among others. This acquisition allows PSIL to exploit the non-theatrical rights of the film on an exclusive basis for the entire world, including India.

Scope of the Agreement

The Content License Agreement covers a wide range of non-theatrical distribution channels. While specific details of the agreement were not disclosed, such rights typically include:

• Digital streaming platforms
• Video-on-demand services
• Airlines and other transportation entertainment systems
• Educational institutions
• Hotels and other hospitality venues

This comprehensive deal positions Panorama Studios International to maximize the film's reach beyond traditional theatrical releases.

Strategic Implications

This agreement aligns with PSIL's strategy to expand its content portfolio and strengthen its position in the non-theatrical distribution space. By securing worldwide rights, the company can potentially tap into both domestic and international markets, leveraging various distribution channels to maximize the film's revenue potential.

Market Impact

While the financial terms of the deal were not revealed, such agreements typically represent a significant investment and may impact a company's near-term financials. Investors and market analysts will likely be watching closely to see how this acquisition affects PSIL's performance in the coming quarters.

The announcement was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, underscoring the deal's importance to the company's stakeholders.

As the entertainment industry continues to evolve, with non-theatrical platforms gaining increasing importance, deals like this one demonstrate how companies like Panorama Studios International are adapting their strategies to capitalize on changing market dynamics.

Shareholders and industry observers will be keen to see how PSIL leverages these newly acquired rights to drive growth and enhance its market position in the competitive world of content distribution.

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.