Olympia Industries Ltd. at the annual general meeting held on June 29, 2013, resolved that Mr. Ketan Gala and Mr. Anurag Pansari, in respect of whom the company has received a notice in writing from a member pursuant to section 257 of the Companies Act, 1956 proposing their candidature for the office of director be and are hereby appointed as directors with effect from June 29, 2013, liable to retire by rotation.