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Panorama Studios' Bold Move: Share Capital Surges 275% Amid Bonus Issue

Panorama Studios International has made a significant corporate move by approving a major increase in its authorized share capital. The company plans to boost its capital from ₹16 crore to ₹60 crore to accommodate future growth. Shareholders have additional reason to celebrate with a generous 5:2 bonus share ratio announcement. This strategic decision positions the diversified film studio for expanded operations across its multiple entertainment business segments.

Key Points: Panorama Studios Approves Share Capital Increase and Bonus Issue

  • Authorized share capital increases from ₹16 crore to ₹60 crore
  • Bonus shares issued in 5:2 ratio for eligible shareholders
  • Company to issue 18.6 crore equity shares as bonus
  • Capitalization from free reserves and securities premium account
  • Record date for bonus eligibility to be announced later
  • EGM required for shareholder approval of proposals
2 min read

Panorama Studios International approves proposal to increase Authorised Share Capital of the Company

Panorama Studios International increases authorized share capital from ₹16 crore to ₹60 crore and announces 5:2 bonus share ratio for eligible shareholders.

"The Board has considered and recommended the issue of Bonus Shares in the ratio of 5:2 - Panorama Studios International"

Mumbai, October 15

Panorama Studios International Limited in an exchange filing with the Bombay Stock Echange on Wednesday informed that the Board of Directors of the company has approved the proposal to increase the Authorised Share Capital of the Company from the existing ₹16,00,00,000 (Rupees Sixteen Crores), divided into 8,00,00,000 (Eight Crore) Equity Shares of ₹2/- (Rupees Two) each, to ₹60,00,00,000 (Rupees Sixty Crores) divided into 30,00,00,000 (Thirty Crore) Equity Shares of ₹2/- (Rupees Two) each.

This increase in Authorised Share Capital is proposed to accommodate the increase in the Paidup Share Capital of the Company.

The company further said, the Board has considered and recommended the issue of Bonus Shares in the ratio of 5:2 that is, 5 (Five) new fully paid-up Equity Shares of ₹2/- each for every 2 (Two) existing fully paid-up Equity Shares of ₹2/- each, held by the eligible Equity Shareholders of the Company as on the Record Date to be determined for this purpose.

Accordingly, the Company will issue and allot 18,60,96,875 (Eighteen Crore Sixty Lakh NinetySix Thousand Eight Hundred Seventy-Five) Equity Shares of ₹2/- each as Bonus Shares, by capitalizing free reserves, including the Securities Premium Account and/or General Reserve, as may be approved by the shareholders at the forthcoming Extra-Ordinary General Meeting (EGM) of the Company.

The company said that the record Date for determining the eligibility of shareholders entitled to receive the Bonus Shares will be intimated in due course.

As per company information, Panorama Studios International, with its subsidiaries and associates, is a diversified film studio with various business segments such as Production, Distribution, Music Label, Talent Management, Advertisement, Syndication, Equipment rental and Line production. Panorama Studios International attracts the best talent in media and entertainment to create, package, and deliver high-quality cinema worldwide.

- ANI

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Reader Comments

P
Priya S
As a small investor, I'm excited about the bonus shares. The capital increase from ₹16 crore to ₹60 crore is massive! Hope this means more big-budget films and better content from Panorama.
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Arjun K
While the bonus shares are welcome, I hope the company maintains focus on core operations. The entertainment industry is quite volatile. Hope this expansion is backed by solid business plans.
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Sarah B
Interesting move! The authorized capital increase suggests Panorama is preparing for future fundraising. With their diversified segments from production to talent management, this could be strategic positioning for acquisitions or major projects.
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Vikram M
Bhai, this is fantastic! Bonus shares without any cost to shareholders. Panorama Studios has been making some good content lately. This shows confidence in their future growth. Waiting for the record date announcement!
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Michael C
The timing of this capital restructuring is interesting. With the entertainment industry recovering post-pandemic, this could position Panorama well for the upcoming content boom in India. Smart move by the board.

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