Omnitech InfoSolutions - Outcome Of EGM

Omnitech InfoSolutions Ltd has informed that the members at the Extra Ordinary General Meeting (EGM) of the Company held on February 12, 2008, inter alia, have accorded the following:
1. Authority to the Board of Directors to increase the Authorised Capital of the Company from Rs 15,00,00,000/- (Rupees Fifteen Crores Only) divided into 1,50,00,000 (One Crore Fifty Lacs) equity shares of Rs 10/- (Rupees Ten) each to Rs 20,00,00,000/- (Rupees Twenty Crores Only) divided into 2,00,00,000 (Two Crores) shares of Rs 10/- (Rupees Ten) each by creation of 50,00,000 (Fifty Lacs) further equity shares of Rs 10/- (Rupees Ten) each ranking pan passu with existing equity shares of the Company & consequential amendments in Memorandum and Articles of Association of the Company.
2. Authority to the Board of Directors to offer, issue and allot 13,25,000 convertible warrants on preferential basis, subject to necessary provisions and approval at a price not less than Rs 207.19 per equity share, which is the minimum price calculated in accordance with Chapter XIII of SEBI (DIP) Guidelines, 2000 to the following persons:
i. Name: Wintel Computers Pvt Ltd
Nos of warrants: 800000

ii. Name: Atul Hemani

Nos of warrants: 100000
iii. Name: Avinash Pitale
Nos of warrants: 100000
iv. Name: Devarshi Buch
Nos of warrants: 100000
v. Name: Nikul Shah
Nos of warrants: 50000
vi. Name: Anuradha Shah
Nos of warrants: 50000
vii. Name: Meticulous Fiscal Company Pvt Ltd
Nos of warrants: 75000
viii. Name: Sanjay Asher
Nos of warrants: 50000