A meeting of the Committee for Preferential Issue of the Board of Directors of Oceanaa Biotek Industries Ltd was held today, 11th April, 2017 to allot 33,65,275 Equity shares of Rs.10 each at a premium of Rs.50 per share (Issue price Rs.60/-) to the allottees being other than Promoter Group, for consideration other than cash pursuant to the resolution passed by the shareholders at the Extraordinary General Meeting of the Company held on 16th March, 2017.