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Awaiting price reaction for this filing.
Panorama Studios International Ltd has signed a Memorandum of Understanding with Big Box Series Private Limited and other producers to acquire worldwide theatrical distribution rights for 'VASH LEVEL 2', a sequel to the Gujarati film 'Vash'. The film will be distributed in both its original Gujarati version and a Hindi dubbed version. The film stars Janki Bodiwala, Hiten Kumar, and Hitu Kanodia, and is directed by Krishnadev Yagnik. No financial terms, deal value, or revenue expectations have been disclosed in the filing. This is an MoU, so it is a preliminary agreement and not a finalized contract.
Mildly positive for shareholders as the original 'Vash' was a commercially successful film, and a sequel with theatrical distribution rights could drive revenue. However, the lack of disclosed financial terms and the preliminary nature of the MoU limit near-term visibility.