Panipat (2019) is a historical war drama set in 18th-century India, depicting the Third Battle of Panipat. The film's narrative focuses on historical events, warfare, and traditional relationships, with no discernible presence or portrayal of LGBTQ+ characters or themes.

Based on the available information, the film 'Panipat, 2019' does not appear to include any identifiable transsexual characters or themes. Therefore, there is no portrayal to evaluate within the scope of this assessment, as no character arc or story plot related to transsexual identity is present.

The film features Parvati Bai, who demonstrates courage and attempts to defend herself with a sword during the climactic battle. However, there are no scenes depicting her decisively defeating one or more male opponents in close-quarters physical combat.

The film 'Panipat' is a historical drama based on the Third Battle of Panipat. All major historical figures, such as Sadashiv Rao Bhau, Ahmad Shah Abdali, and Parvati Bai, are portrayed by actors whose gender aligns with the documented historical gender of the characters.

The film 'Panipat' is a historical drama depicting real figures from 18th-century India. The main characters, who are historically South Asian/Central Asian, are portrayed by actors of Indian descent, aligning with their established racial and ethnic backgrounds. No character's race was changed from their historical or canonical depiction.