As per Attachment.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Panorama Studios International has accepted fund-based and non-fund-based credit facilities totalling Rs. 65 crore from Kotak Mahindra Bank Limited (KMBL), to be used for its principal business activities. The borrowing is within the overall Rs. 1,250 crore borrowing limit already approved by shareholders. The facility is secured by hypothecation of the company's current assets and movable fixed assets, plus an equitable mortgage on its office property at Andheri West, Mumbai. The Audit Committee reviewed and recommended the proposal. Additionally, the company has received an in-principle offer of Rs. 10 crore from KMBL, subject to due diligence and documentation, which it may consider availing later.
This signals continued lender confidence in the company, with a major private bank extending fresh credit. While it expands the company's debt capacity, the additional Rs. 75 crore potential borrowing (including in-principle offer) increases financial leverage and is backed by company assets, so shareholders should watch for how the funds are deployed and the resulting debt servicing impact.