OPTO CIRCUITS (INDIA) LTD. - Updates on Overseas Subsidiary- Cardiac Science Corporation

Opto Circuits (India) Ltd has informed BSE that one of the Company's subsidiary company, viz Cardiac Science Corporation, USA, has filed voluntary petition under Chapter 11 of the US Bankruptcy Code to Facilitate Debt Restructuring in US Bankruptcy Courts in the Western District of Wisconsin on October 20, 2015.<BR><BR>The above action is initiated by the secured lenders to the Company for such filing and the management of Opto Circuits (India) Limited is taking effective legal recourse required in this regard.