Pennar Engineered Building Systems Ltd. announced that, pursuant to the letter received from Zephyr Peacock India Fund III Limited and ZP India Advisory Private Limited on September 29, 2015 withdrawing the nomination of Mr. Mukul Gulati as Nominee Director on the Board of the company and said that Mr. Mukul Gulati has ceased to be a Nominee Director of the company with immediate effect and the Board will take note of the same in its next Meeting.