Pennar Engineered Building Systems Ltd. has informed that the Board of Directors of the Company at its meeting held on November 09, 2015, has
taken note of the withdrawal of Nomination of Mr. Mukul Gulati as Director of the Company with effect from September 29, 2015. Appointed Mr. Mukul Gulati as an Additional Director of the Company with effect from November 09, 2015 who shall hold office up to the date of the ensuing Annual General Meeting of the Company. Appointed Mr. C. Parthasarathy as an Additional Independent Director with effect from November 09, 2015 who shall hold office up to the date of the ensuing Annual General Meeting of the Company.

The board has approved the expansion plans. Board has evaluating options to expand operations of the Company by establishing manufacturing facility in North India; planning to Start Engineering Services Operations in Visakhapatnam, Andhra Pradesh; opened new sales Office at Coimbatore, Tamil Nadu and Vijayawada, Andhra Pradesh and proposing to enter into new Business viz Bridge Girders.