Panorama Studios International Ltd. Secures Credit Facilities from Kotak Mahindra Bank
Panorama Studios International Ltd. announced on March 30, 2026, that its Board of Directors approved the acceptance of fund-based and non-fund-based credit facilities totaling Rs. 65,00,00,000 from Kotak Mahindra Bank Limited (KMBL).The company intends to utilize the facilities for its principal business activities. The borrowing is within the overall borrowing limits approved by shareholders at the Annual General Meeting held on September 30, 2025, which authorized a total borrowing limit of Rs. 1,250 Cr. The Audit Committee reviewed and recommended the proposal.
The facilities are secured by way of hypothecation of current assets and movable fixed assets, and an equitable mortgage over the property located at Unit No. 2202, 2203 & 2204, 22nd Floor, Lotus Signature, Veera Desai Road, Andheri West, Mumbai 400053.
Furthermore, the company received an in-principle offer from KMBL for additional financial facilities aggregating to Rs. 10,00,00,000. This offer is subject to due diligence, execution of definitive agreements, and internal approvals from the bank.
Mr. Kumar Mangat Pathak and Mr. Abhishek Pathak are authorized to execute necessary documentation related to the facilities and security creation.
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