Biopac India - Outcome Of Board Meeting

Biopac India Corporation Ltd has informed that the Board of Directors of the Company at its meeting held on May 16, 2007, inter alia, has transacted the following:1. Approved issue and allotment of 23,00,000 Warrants to the Individual Investors (Non-Promoters) & Independent Directors of the Company on a Preferential Basis, after due compliances under the Companies Act, 1956, Listing Agreement and SEBIs DIP Guidelines and such other related and relevant Statutes.2. Increase the Authorised Share Capital of the Company to Rs 20.00 Crores and consequential alterations in respective Clause V and Article 2 of the Memorandum and Articles of Association of the Company;3. Convening of an Extra-Ordinary General Meeting of the Shareholders of the Company on June 18, 2007 for obtaining approval of the shareholders in the matters at (01) & (02) above.