Panoramic Universal Ltd. announced that the board of directors of the company at its meeting held on February 09, 2016 approved the appointed Mr. Ramachandran Ramakrishnan as Additional Director and designated him as Managing Director of the company for a term of 5 years with effect from February 10, 2016 subject to Approve the members. In view of the appointment of Mr. Ramachandran Ramakrishnan as Managing Director of the company effective February 10, 2016. Mr. Ramachandran has resigned from the position of Chief Financial Officer (CFO) of the company and shall vacate his office from close of the business hours on February 09, 2016.

Mr. Pravin N. Chavan has been appointed as Chief Financial Officer (CFO) of the company with effect from February 10, 2016.