Opto Circuits (India) has informed that the board of directors of the company at its meeting held on December 20, 2012, has approved the following subject to satisfactory receipt of all statutory, regulatory, corporate and other approvals including shareholders through postal ballot, as may be required. To issue 20,00,000 convertible warrants to Vinod Ramnani at Rs.145 per convertible warrant or as per the pricing formula as stipulated in SEBIs (ICDR) Regulations 2009, whichever is higher.
The above information is a part of company’s filings submitted to BSE.
