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OPTO CIRCUITS (INDIA) LTD. - Outcome of Board Meeting
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23 Oct 2014
Opto Circuits (India) Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 23, 2014, inter alia, have subject to the approval of the share holders and other necessary regulatory approvals whatever required.&lt;br/&gt;&lt;br/&gt;Approved the following:&lt;br/&gt;&lt;br/&gt;1. In supersession of the earlier Resolution Passed by the Board of Directors at their meeting held on May 06, 2014 regarding the Increasing the Authorised Share Capital of the Company.&lt;br/&gt;&lt;br/&gt;The Board of Directors has approved the Increase in Authorised Capital to Rs. 375.00 cores from present Authorised Share Capital of Rs. 300.00 cores and also to make necessary amendments in the Memorandum and Articles of Association of the Company in this regard.&lt;br/&gt;&lt;br/&gt;2. Increase the Foreign Institutional Investors&apos; (Flls) limit of existing 49% to 60% in the Company&apos;s paid up capital.
View all announcements for OPTO CIRCUITS (INDIA) LTD. Source: BSE India