<b>Format of Initial Disclosure to be made by an entity identified as a Large Corporate.</b><br/><br/> <table border=''1px''><tr> <td><b>Sr. No.</b></td> <td><b>Particulars</b></td> <td><b>Details</b></td> ....
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Panorama Studios International Limited has informed the BSE that it does not fall under the Large Corporate (LC) framework as defined under SEBI Circular SEBI/HO/DDHS/CIR/P/2018/144 dated 26 November 2018 and BSE Circular LIST/COMP/05/2019-20 dated 11 April 2019. The Large Corporate framework applies to entities raising funds through debt securities, and requires them to file Initial Disclosures (Annexure A & B). Because Panorama does not qualify as a Large Corporate, the requirement to file this disclosure for the financial year ended 31 March 2025 does not apply to them. The intimation was signed by the Company Secretary & Compliance Officer, Yatin Chaphekar, on 28 April 2025.
This is a routine compliance confirmation and not a material business event. For shareholders, it simply means the company is below the Large Corporate threshold (typically based on outstanding borrowings) and has no obligation to mandatorily access the debt market. No direct impact on stock price or shareholder value is expected.