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Panorama Studios International Limited has entered into a Memorandum of Understanding (MoU) with M/s Nitishali Productions for the exploitation of theatrical rights across the entire Indian territory for the Gujarati language film titled 'Vaanki Chuki Love Story'. The film stars Bhavin Bhanushali, Parikshit Tamaliya, Puja Joshi, and Miloni Jhonsa, among others, and is directed by Dhwani Gautam. The announcement was made under SEBI's Regulation 30 of the Listing Obligations and Disclosure Requirements Regulations, 2015. This is a standard film distribution/licensing agreement for a single film's theatrical rights in the Gujarati language market.
This MoU represents a routine business arrangement for theatrical rights distribution and is unlikely to have a significant impact on the stock price or shareholder value in the near term.