Mumbai, Oct. 15 -- Panorama Studios International Limited in an exchange filing with the Bombay Stock Echange on Wednesday informed that the Board of Directors of the company has approved the proposal to increase the Authorised Share Capital of the Company from the existing Rs.16,00,00,000 (Rupees Sixteen Crores), divided into 8,00,00,000 (Eight Crore) Equity Shares of Rs.2/- (Rupees Two) each, to Rs.60,00,00,000 (Rupees Sixty Crores) divided into 30,00,00,000 (Thirty Crore) Equity Shares of Rs.2/- (Rupees Two) each.

This increase in Authorised Share Capital is proposed to accommodate the increase in the Paidup Share Capital of the Company.

The company further said, the Board has considered and recommended the issue of Bonus Shares in t...