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The board of Panorama Studios International Limited, at its meeting on 21st March 2026, approved setting up a 100% Wholly Owned Subsidiary in the United Arab Emirates (UAE). The new subsidiary will operate in Media & Entertainment, focusing on acquiring, dubbing, remaking, licensing, and globally distributing Indian blockbuster movies in foreign languages such as Spanish, Korean, and Mandarin, across theatrical, OTT, satellite, and digital platforms. It will essentially act as the company's international content development and global distribution arm. The initial investment is capped at AED 1,00,000 (cash), with incorporation expected to be completed within 6 months, subject to statutory and regulatory approvals. The board has authorised Managing Director Kumar Mangat Pathak to finalise the name, jurisdiction, and capital structure and complete all related filings in India and the UAE.
This is a small, strategic overseas expansion move aimed at tapping global audiences for Indian film content, which could create new long-term revenue streams from international markets. For shareholders, the near-term financial impact is minimal given the modest initial outlay, but successful execution could enhance the company's growth profile in global content distribution.