The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Abhishek Pathak
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Abhishek Pathak, a promoter of Panorama Studios International Ltd, has converted 10,00,000 equity convertible warrants into equity shares through a preferential allotment on 7 November 2025. His holding in the company has increased from 1,79,06,250 shares (25.24%) to 1,89,06,250 shares (25.40%), a rise of 0.16 percentage points. The company's total paid-up equity capital expanded from Rs 14.18 crore to Rs 14.88 crore (74,438,750 shares of Rs 2 each) as a result of this conversion. This is not an open market purchase but rather the conversion of warrants that were previously allotted to the promoter, meaning no fresh cash flows into the company from this specific transaction.
Minor positive signal for shareholders as it shows the promoter's continued commitment to the company, though the 0.16% increase in stake is small and unlikely to materially impact the stock price. The warrant conversion increases the share count, causing a marginal dilution for existing non-promoter shareholders.