On March 29, 2016, Olympia Industries Ltd has allotted 4,00,000 (Four Lacs) Equity shares of face value Rs. 10/- each fully paid up upon conversion of 4,00,000 warrants of Rs.45/- each to Mr. Anurag N. Pansari, Promoter & Promoter group of the Company. The meeting of Board of Directors of the Company commenced at 3.00 p.m. and concluded at 3.30 p.m.