Panorama Studios International Limited has announced the execution of a theatrical licensing agreement with LUV Films LLP, marking a significant business development for the entertainment company. The agreement grants LUV Films exclusive theatrical rights for the Hindi language film 'RANGER' across the pan-India territory.

Agreement Details

The theatrical licensing deal encompasses comprehensive distribution rights for the upcoming film across the Indian market. Key parameters of the agreement include:

Star Cast and Production

The film features a notable ensemble cast led by established Bollywood actors. The production brings together prominent industry talent:

• Ajay Devgn - Lead actor
• Sanjay Dutt - Supporting cast
• Tamannaah Bhatia - Lead actress
• Jagan Shakti - Director

The collaboration represents a strategic move for Panorama Studios International to expand its theatrical distribution portfolio through partnership with LUV Films LLP.

Regulatory Compliance

The announcement was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company filed the disclosure ensuring transparency with stakeholders regarding this material business development.

Business Implications

This exclusive theatrical licensing agreement positions Panorama Studios International to capitalize on the distribution potential of a high-profile Hindi film production. The pan-India territorial rights provide comprehensive market coverage, while the exclusive nature of the agreement ensures dedicated focus on the film's theatrical performance across the Indian cinema landscape.

Panorama Studios International Limited has announced a significant content acquisition through its subsidiary Panorama Studios Inflight LLP. The company disclosed on December 26, 2025, that it has secured exclusive worldwide airborne rights for a Gujarati language film and its Hindi adaptation through a comprehensive assignment agreement.

Content Acquisition Details

The assignment agreement encompasses exclusive airborne rights for the entire world, including India, covering two versions of the same film. The deal involves multiple production partners working collaboratively on the project.

Production Partners and Creative Team

The assignment agreement brings together several production entities under one distribution umbrella. The film features a notable cast of established actors from the Gujarati film industry.

Production Partners:

• Big Box Series Private Limited
• KS Entertainments LLP
• ABM Production LLP
• DDP Patel Processing Studios LLP

Cast and Crew:

• Lead Actors: Jankhi Bodiwala, Hitu Kanodia, Hiten Kumar, Monal Gajjar
• Director: Krishnadev Yagnik
• Additional Cast: Other supporting actors

Strategic Content Expansion

This acquisition represents the company's continued focus on expanding its content library with regional language films that have cross-cultural appeal. The dual-language approach with both Gujarati original and Hindi dubbed versions positions the content for broader market reach across different audience segments.

The exclusive nature of the airborne rights provides Panorama Studios Inflight LLP with comprehensive control over the global distribution of both film versions. This arrangement allows the company to leverage its distribution network for maximum market penetration across international and domestic markets.

Regulatory Compliance

The announcement was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparent communication with stakeholders about material developments affecting the company's business operations.