Panorama Studios International Limited (PSIL) has announced a significant expansion of its content distribution reach in the aviation entertainment sector. The company's subsidiary, Panorama Studios Inflight LLP, has executed a deal memo with Super Cassettes Industries Private Limited for exclusive global airborne rights to three upcoming Hindi films.

Deal Details

The deal covers the entire world, excluding China (Mainland China, Hong Kong & Macau), for the following films:

1. "Raid 2" - Starring Ajay Devgn, Riteish Deshmukh, Vaani Kapoor, and others. Directed by Raj Kumar Gupta.
2. "Metro In Dino" - Featuring an ensemble cast including Anupam Kher, Neena Gupta, Konkona Sen Sharma, Pankaj Tripathi, and others. Directed by Anurag Basu.
3. "The Diplomat" - Starring John Abraham, Sadia Khateeb, Jagjeet Sandhu, and others. Directed by Shivam Nair.

This strategic move is expected to enhance Panorama Studios' presence in the in-flight entertainment market, potentially opening up new revenue streams for the company.

Market Implications

The acquisition of these airborne rights demonstrates Panorama Studios' commitment to diversifying its content distribution channels. By securing rights for high-profile films featuring popular Bollywood actors, the company is positioning itself to capitalize on the growing demand for quality entertainment in the aviation sector.

While the financial terms of the deal were not disclosed, such agreements typically represent a significant revenue opportunity for content producers and distributors.

Company Background

Panorama Studios International Limited is known for its involvement in various aspects of the film industry, including production, distribution, and now, specialized content rights for airborne viewing. This latest deal aligns with the company's strategy to expand its footprint in different segments of the entertainment market.

Investors and industry observers will likely be watching closely to see how this deal impacts Panorama Studios' financial performance in the coming quarters, particularly in terms of revenue growth and market share in the in-flight entertainment segment.

Panorama Studios International Limited , a prominent player in the Indian entertainment industry, has announced significant corporate actions that underscore its growth strategy and financial position.

Warrant Conversion and Capital Raise

The company has successfully converted 7,00,000 equity convertible warrants into 35,00,000 equity shares, resulting in a capital infusion of Rs. 14.39 crores. This conversion was executed at a price of Rs. 205.50 per warrant, representing the remaining 75% of the issue price. The newly issued shares have a face value of Rs. 2 each.

Key details of the warrant conversion:

The conversion was carried out by promoters including Managing Director Kumar Mangat Pathak, Mrs. Neelam Kumar Mangat Pathak (Promoter Group), and Director Abhishek Pathak.

Financial Results

Panorama Studios also approved its unaudited financial results for the quarter ended 30th September 2025. The Board of Directors convened a meeting that began on 14th November 2025 and concluded on 15th November 2025 to deliberate on these results.

Fund Utilization

The company has confirmed that there has been no deviation or variation in the use of proceeds from the preferential issue. The funds raised are intended to meet various business requirements, including:

• Funding business growth and capital expenditure
• Expansion plans and investments in subsidiaries
• Exploring new initiatives and potential acquisitions
• Working capital requirements
• Other general corporate purposes

Corporate Governance

In line with regulatory requirements, Panorama Studios has submitted the necessary disclosures regarding related party transactions and the statement of deviation or variation in fund utilization to the stock exchange.

The company's actions reflect its commitment to transparency and compliance with SEBI regulations, while also indicating its focus on strategic growth and financial prudence.