Prism Cement Limited announced that the term of Mr. V. M. Panicker, executive director & CEO - RMC (non-independent) expires on August 24, 2016. Mr. Panicker has communicated his unavailability to continue as executive director & CEO (RMC) with effect from close of business hours on August 24, 2016 for personal reasons. Mr. Panicker has submitted his resignation as director from the board of directors of the company with effect from close of business hours on August 24, 2016.