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Awaiting price reaction for this filing.
Panorama Studios International Ltd has issued an addendum to the Notice of its Extraordinary General Meeting (EOGM) scheduled for November 24, 2025, at 3:00 PM via Video Conferencing. The addendum adds a new Special Resolution (Item No. 3) seeking shareholder approval to alter the Memorandum of Association by inserting a new clause under 'Objects incidental or ancillary business.' This new clause will allow the company to invest its idle and short-term free funds in securities, liquid funds, and mutual funds, subject to applicable laws. The Board says the change is aimed at optimizing use of surplus cash and creating an additional revenue stream. None of the directors or KMPs have any financial interest in the resolution beyond their shareholding in the company.
This is a housekeeping/governance step, not a material business change. If approved, it could help the company earn better returns on idle cash, but it does not directly affect operations or near-term earnings. Shareholders should review and vote on the EOGM resolution.