Omnitech InfoSolutions Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 01, 2009, has passed the following two resolution:

1. Issue of 10,00,000 Warrants convertible into Equity Shares of the Company on Preferential Basis in accordance with the relevant SEBI Guidelines and other applicable laws, rules or regulations as per the following details;

1. Proposed Allotee - Omnitech Technologies Ltd
No of Warrants - 5,00,000

2. Proposed Allotee - Atul M Hemani
No of Warrants - 1,15,000

3. Proposed Allotee - Avinash C Pitale
No of Warrants - 1,15,000

4. Proposed Allotee - Devarshi D Buch
No of Warrants - 1,15,000

5. Proposed Allotee - Anurag Shah
No of Warrants - 1,20,000

6. Proposed Allotee - Nikul Shah
No of Warrants - 15,000

7. Proposed Allotee - Nitin Purohit
No of Warrants - 15,000

8. Proposed Allotee - Dr. Kalimahan Bhattacharya
No of Warrants - 1,000

9. Proposed Allotee - Dr. Ram K Mangal
No of Warrants - 1000

10. Proposed Allotee - Prof V H Iyer
No of Warrants - 1000

11. Proposed Allotee - V V Kamath
No of Warrants - 2000

2. Raising of funds not exceeding USD 50 Million by way of issue of ADRs / GDRs / FCCBs / QIP / other convertible securities or any combination thereof.