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Awaiting price reaction for this filing.
Panorama Studios International, jointly with Pen Media Infrastructure Developers Pvt Ltd, has signed an exclusive overseas theatrical distribution agreement with Phars Filmco Motion Pictures Trading and Distribution Co. LLC for the Malayalam film 'Drishyam 3'. The film stars Mohanlal and is directed by Jeethu Joseph. It is the third instalment in the popular Drishyam franchise, known for its strong box-office track record. Phars Filmco will handle exclusive distribution rights across overseas territories. The company disclosed this under SEBI Listing Regulations, indicating it is an internal material development.
This is a specific film-level distribution deal and not a major corporate restructuring event. It may support Panrama's revenue from a marquee franchise release but is unlikely to materially move the stock in the short term.