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The Board of Directors of Panorama Studios International Ltd, at its meeting on 5th November 2025, approved a proposal to alter the company's Memorandum of Association (MOA). The change adds a new clause under 'Objects incidental or ancillary business' allowing the company to invest its surplus or short-term idle funds in securities, liquid funds, and mutual funds. The move is aimed at generating additional revenue from funds that would otherwise remain unutilized and improving overall financial health. The alteration requires shareholder approval through a Special Resolution at the upcoming Extraordinary General Meeting (EGM) scheduled for 24th November 2025. The Company Secretary has been authorized to issue an addendum to the EGM notice accordingly.
For shareholders, this signals the company intends to actively deploy its surplus cash in financial instruments to earn extra income, which could support future earnings. However, the actual investment activity is subject to shareholder approval at the EGM on 24th November 2025, so no immediate financial impact is expected.