Temptation Foods Updates on Outcome of Board Meeting

With reference to the earlier announcement dated August 22, 2007, Temptation Foods Ltd has announced about the following corrigendum & addendum:

(a) Corrigendum

Please substitute point No. 2 of the with the following:

" 2) Issue of 35,00,000 Convertible Warrants on preferential basis to persons other than the Promoters at a price determined as per the SEBI Guidelines, subject to a floor price of Rs 150/- per Equity Share for conversion of Warrants into Equity Shares in the ratio of one Equity Share per Warrant".

(The Board's approval is for issue of Convertible Warrants and not of Equity Shares).

(b) Addendum:

The Board decided against splitting up of the face value of the Equity Share of Rs 10/- per share.

Source : Equity Bulls

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