Aksh Optifibre - Outcome Of Board Meeting

Aksh Optifibre Ltd has informed that the Board of Directors of the Company at its meeting held on March 26, 2007, has decided to extend the financial year of the Company for a period of six months from March 31, 2007 to September 30, 2007, subject to approval of the Registrar of Companies, Rajasthan.Further, the Board has allotted 60,00,000 warrants convertible into equity shares @ Rs 63/ per warrant, as per the approval granted by the shareholders in their extraordinary general meeting held on March 24, 2007.