Opto Circuits approves issue 20 Lk convertible warrants

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Opto Circuits (India) Ltd has informed BSE 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.1. To issue 20,00,000 convertible warrants to Mr. Vinod Ramnani at Rs. 145/- per convertible warrant or as per the pricing formula as stipulated in SEBI's (ICDR) Regulations 2009, which ever is higher.Source : BSE

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