1.Voting Result as required under regulation 44(3) of the SEBI (Listing obligation and disclosure Requirements) regulation 2015. 2. Scrutinizer Report on E-Voting
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Panorama Studios International Ltd held its 45th AGM on September 30, 2025, via video conferencing, lasting just 12 minutes (3:00 PM to 3:12 PM). All 7 resolutions were passed with overwhelming majority (over 99.99% in favour). Key resolutions included adoption of FY2024-25 financial statements, confirmation of a Rs. 0.20 per share dividend (on Rs. 2 face value, i.e., 10% dividend), appointment of a retiring director by rotation, revision of related party transaction limits up to Rs. 1,250 crores, expansion of borrowing powers under Section 180(1)(c), increase in Section 186 limits for loans/investments, and appointment of Nitesh Chaudhary & Associates as secretarial auditor. On the record date of September 23, 2025, the company had 5,123 shareholders with promoters holding 4,60,80,900 shares (~65%) and public holding 2,48,57,850 shares (~35%). About 41% of total shares were voted, including 58.79% of promoter shares and 9.04% of public shares.
All resolutions passed unanimously, signaling smooth governance. The Rs. 0.20 per share dividend is a positive cash return for shareholders. The significant increase in related party transaction limits (up to Rs. 1,250 crores) and expanded borrowing powers may raise corporate governance concerns for minority shareholders, though they were approved with near-unanimous support. Promoter votes were excluded from the related party resolution, which is a standard governance practice.