As per attachment.
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Panorama Studios International Ltd has fixed Friday, 5th December 2025 as the record date for its upcoming bonus issue of 5 bonus equity shares for every 2 existing shares held. The bonus shares will be of face value Rs. 2 each, fully paid up. A total of 1,86,09,6875 bonus shares aggregating to Rs. 37,21,93,750 will be issued, with deemed allotment date of 9th December 2025 and trading expected from 11th December 2025. The bonus issue was previously approved by shareholders at an EGM held on 24th November 2025. The company has also appointed a trustee to handle allotment of fractional shares arising from the bonus ratio.
Eligible shareholders on record date (5th Dec 2025) will receive 2.5 bonus shares for each share held, increasing their share count by 250%. While the total investment value remains unchanged on a per-share basis, the higher share count may improve liquidity and trading volumes. The stock price will typically adjust downward on the ex-date to reflect the bonus shares.