Notice of the 46th Annual General Meeting (AGM) of the Company along with Integrated Annual Report of the Company for FY 2025-26

Date: 08/09/2026 BSE Limited Corporate Relationship Department 1st Floor, New Trading Ring, Rotunda Bldg., P. J. Towers, Dalal Street, Fort, Mumbai 400 001 Scrip Code: 539469 Sub: Notice of the 46th Annual General Meeting (AGM) of the Company along with Integrated Annual Report of the Company for FY 2025-26. 46th Annual General Meeting (AGM) of the Company will be held on Wednesday, 30th September 2026 at 3.00 P.m. through Video Conferencing/Other Audio-Visual Means in accordance with the applicable circulars issued by the Ministry of Corporate Affairs and Securities and Exchange Board of lndia. Pursuant to Regulation 34(I) of Securities and Exchange Board of lndia (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are submitting herewith the Integrated Annual Report of the Company along with the Notice of AGM for the financial year 2025-26, which is being sent only through electronic mode to the Shareholders. Further, a copy of the letter containing weblink of the Integrated Annual Report which is being sent to all the members who have not registered their email address. The Integrated Annual Report including Notice is also uploaded on the Company's website atwww.panoramastudios.in Please take the same on record. Thanking You, Yours faithfully For Panorama Studios International Limited Yatin Chaphekar Company Secretary Encl.: Notice of AGM PANORAMA STUDIOS INTERNATIONAL LIMITED CIN No.: L74110MH1980PLC330008 Regd. Office: Unit No. 2202, 2203, 2204, ,Signature, Suresh Sawant Road ,Off Veera Desai Road, Andheri (West), Mumbai: 400053 Tel. No.: +9122-42862700 • Email Id: info@panoramastudios.in; info@ainvest.co.in Website: www.panoramastudios.in 46TH ANNUAL REPORT 2025-26 PANORAMA STUDIOS INTERNATIONAL LIMITED (CIN: L74110MH1980PLC330008) CORPORATE INFORMATION BOARD OF DIRECTORS: Mr. Kumar Mangat Pathak Managing Director Mr. Abhishek Pathak Executive Director Mr. Sanjeev Joshi Executive Director Mr. Sandeep Kumar Sahu Non-Executive Independent Director MR. Rekha Agarwal Non-Executive Independent Director Mr. Vinesh Keshrimal Shah Non-Executive Independent Director CHIEF FINANCIAL OFFICER: COMPANY SECRETARY: Mr. Ravindra Appa Auti Mr. Yatin Vilas Chaphekar STATUTORY AUDITORS: SECRETARIAL AUDITORS: M/s. S I G M A C & CO., M/s. Nitesh Chaudhary & Associates, Chartered Accountant Practising Company Secretary 204, Kalpataru Plaza, Chincholi Bunder 204, Chetak Chamber, 13-14 RNT Marg, Road, Malad (W), Mumbai- 400 064 Near Dawa Bazar, Indore – 452001 INTERNAL AUDITORS: BANKERS: M/s. ANPM & Co. LLP, YES, BANK LTD. Chartered Accountants Ground Floor, Valecha Chambers, Plot B6, New Link Road, Andheri 1117A, Hubtown Viva, West, Mumbai, Greater Mumbai, MAHARASHTR Western. Express Highway, ICICI BANK LTD. Shankarwadi, Jogeshwari East Mumbai 400060 Nucleus House, Saki Vihar, Andheri East, Mumbai 400072, Greater Bombay, Maharashtra,India REGISTERED OFFICE ADDRESS: REGISTRAR & SHARE TRANSFER AGENT: Unit No. 2202, 2203, 2204, Purva Sharegistry (India) Pvt. Ltd. Signature, Suresh Sawant Road, 9, Shiv Shakti Estate, J R Boricha Marg, Off Veera Desai Road, Opp. Kasturba Hospital, Lower Parel (East), Andheri (West), Mumbai- 400053 Mumbai- 400011 Email Id: info@ainvest.co.in/info@panoramastudios.in Tel: 022 - 23018261/ 2316761 Website: www.panoramastudios.in E Mail ID: support@purvashare.com Tel: 22-42862700 46TH ANNUAL REPORT 2025-26 BRANCH OFFICE ADDRESS: LISTED ON STOCK EXCHANGE: DELHI BSE Ltd. (Main Board) Script Name - PANORAMA Office No. 1487/2, 2nd Floor, B.k Mansion, Script Code – 539469 Chandani Chowk Opp. Cycle Market, Delhi-110006 ISIN - INE258R01028 PUNJAB 1st Floor. Shop No.8, Partap Nagar, Behind Laxmi Cinema, Mandi Road. Jalandhar-144001 Punjab INDORE B-3, Shree Krishna Chamber 23-24 Dhenu Market, Indore (M.P)-452001 Ahmedabad D-24, Westgate, Besides YMCA Prahladnagar, S.G. Highway, Ahmedabad – 3800015 Gujarat Bangalore Zinka Plaza, 1/1, 2nd Floor, 6th Cross, Gandhinagar, Bangalore – 560009 Karnataka Kerala Office 39/2475-B1, Suite, I14, LR Towers, SJRRA 104, South Janatha Road, Palarivattom, Kochi, Kerala 682025. 46TH ANNUAL REPORT 2025-26 46TH ANNUAL GENERAL MEETING THROUGH VC/OAVM ON 30TH SEPTEMBER, 2026 Chairman's Message Dear Esteemed Shareholders, It gives me immense pleasure to present to you the Annual Report of Panorama Studios International Limited (PSIL) for the financial year ended 31st March 2026. On behalf of the Board of Directors and the management team, I extend my sincere gratitude to all our shareholders, partners, creative professionals, employees and other stakeholders for their continued trust, confidence and support. The financial year 2025-26 has been a year of continued transformation and opportunity for the Indian Media & Entertainment industry. The sector is witnessing a fundamental shift in the way content is created, distributed, consumed and monetised. At PSIL, we remain focused on building a diversified and sustainable entertainment business, driven by strong content, disciplined execution, strategic partnerships and an ability to adapt to the rapidly changing preferences of audiences. The Indian Media & Entertainment sector has demonstrated remarkable resilience and growth. According to the latest FICCI-EY Media & Entertainment Report, the Indian M&E industry grew by approximately 9% in 2025 to reach ₹2.78 trillion, supported primarily by digital media, advertising and Mr. Kumar Mangat Pathak live experiences. Digital media emerged as the largest segment of the industry, crossing the ₹1 Chairman & Managing Director trillion revenue milestone for the first time. The film segment also record ed strong performance, reaching approximately ₹205 billion in revenues, while organised live events witnessed significant growth. These developments reinforce our belief that the Indian entertainment ecosystem is entering a new phase of growth—one where compelling stories, technology, multiple platforms and global audiences converge to create new opportunities for content companies. The Changing Media & Entertainment Landscape: The year under review witnessed several important developments that are reshaping the industry. Digital Transformation and Changing Consumer Behaviour: Digital platforms have become central to the creation, distribution and monetisation of entertainment content. Consumers today have access to content across multiple screens and platforms, resulting in a more fragmented yet significantly larger addressable audience. The continued expansion of smartphones, Connected TVs, streaming platforms and regional-language content is creating new avenues for storytelling and audience engagement. 46TH ANNUAL REPORT 2025-26 Theatrical Entertainment and Large-Screen Experiences: While digital consumption continues to grow, the theatrical experience remains an important component of India's entertainment ecosystem. The recovery in theatrical revenues during 2025 demonstrates that audiences continue to value high-quality cinematic experiences, particularly for compelling and event-oriented content. This reinforces the importance of developing stories that can create meaningful audience engagement across platforms. Rise of Digital Advertising and Monetisation: Digital advertising has emerged as a key growth engine for the M&E sector. Digital advertising revenues grew by approximately 26% in 2025 and accounted for nearly two-thirds of India's total advertising revenues. This shift reflects the increasing importance of measurable, targeted and technology-enabled advertising models. Technology, Artificial Intelligence and Content Creation: Technology is increasingly becoming an integral part of the entertainment value chain. Artificial Intelligence, data analytics, virtual production, advanced visual effects and other Media Tech solutions are changing the manner in which content is conceptualised, produced, marketed and distributed. At PSIL, we recognise that technology should complement creativity rather than rep [Showing first 8,000 characters — download PDF for full document]