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Awaiting price reaction for this filing.
Panorama Studios International Ltd held its 1st EGM on November 24, 2025 via video conferencing, where shareholders approved all 3 resolutions with overwhelming majority. Resolution 1 (Ordinary) approved an increase in the company's Authorized Share Capital, with 45,971,331 votes in favour and just 26 against (99.99%). Resolution 2 (Ordinary) approved a bonus issue and the use of free reserves for it, also passing with 99.99% support (45,971,331 for, 26 against). Resolution 3 (Special) approved an alteration of the Memorandum of Association, passing with 99.99% support (45,971,281 for, 76 against). Total votes polled were 46,571,357 out of 74,438,750 outstanding shares, representing 62.56% participation. Promoters and promoter group hold 49,580,900 shares (~66.6%) and voted fully in favour. The scrutinizer was Nitesh Chaudhary & Associates, and no invalid votes were recorded.
All three resolutions passed with near-unanimous support, signalling strong shareholder and promoter backing. The approved authorized capital increase and bonus issue are likely to be positive for shareholders — the bonus issue will increase share count and may lower per-share price, while the MOA amendment enables these corporate actions. Investors should watch for the record date and bonus ratio announcement.