Panoramic Universal Ltd Approves Proposal Of Investment In Properties Or Securities Of Body Corporate In Dubai Panoramic Universal Ltd announced

that the Board of Directors of the Company at its meeting held on May 14, 2012, inter alia, has approved the following: The Board approved the proposal of investment in properties / securities of a body corporate in Dubai to the tune of INR5,000,000 (Rupees Fifty Lacs) as and by way of acquisition and/or incorporation of a Company; The Board approved the proposal of giving loan and/or making investment in properties/ securities of a body corporate in Thailand to the tune of INR25,00,00,000 (Rupees Twenty Five Crores) as and by way of acquisition and/or incorporation of a Company.