Panoramic Universal Ltd. has announced that Mr. Babu Iyer, Managing Director of the Company has vide his letter dated January 29, 2016 intimated about his intention to resign as Director from the Board of the Company and as Managing Director of the Company as well as Committees of the Board in which he is a member due to his Medical issues. His resignation shall be considered by the Board in its ensuing meeting on February 09, 2016 and if accepted he will cease to be director and Managing director of the Company with effective form close of business hours of February 09, 2016.