Corporate Announcement
Security Code : 531816    Company : PANORAMUNI    
Outcome of Board Meeting 
  Exchange Disseminated Time     
Panoramic Universal Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 08, 2012, inter alia, has transacted the following:

1. The Board approved the proposal to dilute the equity stake of the Company in Seaview Homes Co., Ltd., a Company incorporated in Thailand by reducing its shareholding to 49% from 70% held at present at such time and in such manner as may be considered appropriate.

2. The Board has approved the proposal of making investment in securities of and/or giving loan(s) to one or more body corporate/es in Singapore up to an overall limit of Rs. 10,00,00,000/- (Rupees Ten Crores Only) as and by way of incorporation(s) /acquisition(s)/strategic alliance(s)/joint venture(s)/associate(s)/subsidiary(ies)/wholly owned subsidiary(ies) or any contractual arrangement with other Companies abroad.


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