Description

35 lakh equity shares of Panorama Studios International Limited issued on preferential basis to promoters pursuant to warrant conversion are listed and permitted to trade from November 18, 2025.

Summary

BSE has announced the listing of 35,00,000 equity shares of Panorama Studios International Limited (Scrip Code: 539469) issued to promoters on a preferential basis pursuant to warrant conversion. The securities will be listed and permitted to trade from Tuesday, November 18, 2025. The shares were allotted at Rs. 54.80 per share (face value Rs. 2 plus premium of Rs. 52.80) and are subject to lock-in until June 29, 2027.

Key Points

  • 35,00,000 equity shares of Rs. 2/- each listed
  • Issued at premium of Rs. 52.80 per share (total issue price: Rs. 54.80)
  • Allotted to promoters on preferential basis pursuant to warrant conversion
  • Date of allotment: August 13, 2025
  • Trading commencement: November 18, 2025
  • Distinctive numbers: 70938751 to 74438750
  • ISIN: INE258R01028
  • Shares rank pari-passu with existing equity shares
  • Complete lock-in on all 35 lakh shares until June 29, 2027

Regulatory Changes

No regulatory changes introduced by this circular.

Compliance Requirements

  • Trading members of BSE are informed of the new securities listing
  • The locked-in shares cannot be transferred or sold until the lock-in period expires on June 29, 2027
  • Shares will trade under existing scrip code 539469

Important Dates

  • Allotment Date: August 13, 2025
  • Trading Commencement: November 18, 2025
  • Lock-in Expiry: June 29, 2027

Impact Assessment

This is a routine preferential allotment listing with minimal immediate market impact. The 35 lakh shares represent promoter holdings from warrant conversion and are completely locked-in for approximately 19 months from the listing date. Since these shares cannot be traded until mid-2027, there will be no immediate supply pressure on the stock. The allotment strengthens promoter stake and the shares rank equally with existing equity shares of the company.

Impact Justification

Routine listing of preferential allotment shares to promoters with standard lock-in period. Limited market impact as shares are locked until June 2027.