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Panoramic Universal Ltd.

BSE: 531816 Sector: IT
NSE: PANORAMUNI ISIN Code: INE194B01029
BSE 15:40 | 16 Feb 9.62 0.62
(6.89%)
OPEN

9.03

HIGH

9.75

LOW

8.88

NSE 15:31 | 16 Feb 8.85 -0.15
(-1.67%)
OPEN

9.00

HIGH

9.50

LOW

8.80

OPEN 9.03
PREVIOUS CLOSE 9.00
VOLUME 19424
52-Week high 15.65
52-Week low 6.69
P/E
Mkt Cap.(Rs cr) 75
Buy Price 0.00
Buy Qty 0.00
Sell Price 9.62
Sell Qty 2336.00
OPEN 9.03
CLOSE 9.00
VOLUME 19424
52-Week high 15.65
52-Week low 6.69
P/E
Mkt Cap.(Rs cr) 75
Buy Price 0.00
Buy Qty 0.00
Sell Price 9.62
Sell Qty 2336.00

Panoramic Universal Ltd. (PANORAMUNI) - Chairman Speech

Company chairman speech

It's my pleasure to present the Company's Annual Report and financial statements forthe fiscal year 2016-17.

I would like to start with a positive belief that the domestic economy is being put ona more formal platform with two major initiatives of the Government-demonetizationfollowed by implementation of long awaited GST notwithstanding the transitionarydisruptions caused by both these structural change initiatives.

The first initiative did impact the consumption and growth for a few months followingthe announcement of demonetization on 8th November 2016.

As regards GST the transitionary impact in the month of June 2017 was quite severe onmany of trade channels seriously affecting the primary sales of many businesses. Thetrade and the small & medium manufacturing sector are trying to adjust them to the newregime and are yet to settle down.

The overall GDP growth for the FY17-18 is estimated at 7.4%. The global marketconditions continue to be sluggish further compounded by the Brexit phenomenon. Thesilver-lining is that India is regarded as the bestgrowing economy and is able to attractsizable foreign investments. The fundamentals of the Indian economy are considered to bestrong and the various policy initiatives by the Government to broad base the economy canfurther strengthen the economic foundation fora rewarding long-term growth

The overall business sentiments have improved with the new governments initiatives. Thegovernment's "Make in India" mission has Included IT Tourism and Hospitalityamong its 25 focus sectors which has boosted the growth prospects of Indian economy.There is renewed optimism for pro-business reforms and accelerated infrastructureinvestment. Even a marginal success in these efforts may spark greater economic andbusiness growth.

The Panoramic Group with a growth oriented outlook and has more than 40 operationalproperties in India and overseas. The brand "Magic Holidays" of the group isalso making big strides in the time shares industry and contributing in a major way indriving the overall turnover.

Your Company's IT business with its variety of software products and solutionscommitted to industrial use viz. Human Resource Management Laundry Management WarehouseManagement Sales Call management Document Management Asset Management etc. is alsoadding to the growth of the Company. The Company's capabilities developed in IT area willensure that your company continues to stable relevant to its stakeholders. However withthe upswing in the economy your company expects to perform better in the current fiscal.

Today the greatest challenge we face is to achieve continuous growth in adiscontinuous world. It is a tough task but I believe we are up to the challenge. Ibelieve we have the right combination of ambience altruism and ambition to do great deedsand to continue performing in the future as we have in the past. I do not underestimatethe difficulties of doing this but with your support and blessings we will give it ourbest shot and I am confident we will succeed.

Warm Regards

Ramachandran Ramakrishnan

Managing Director