Temptation Foods - EGM On Dec 26, 2007

Temptation Foods Ltd has informed that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on December 26, 2007, inter alia, to transact the following business:

1. To offer, issue and allot, on preferential basis, 50,000 Equity Shares of the face value of Rs 10/- each, fully paid up, for consideration other than cash, at an issue price of Rs 200/- per Equity Share, being Rs 10/- per Share towards Share Capital and Rs 190/- per Share towards Share Premium, aggregating to Rs 1,00,00,000/- (Rupees One Crore only) to the following persons, who are not the Promoters and the Persons acting in concert with the Promoters: -

Ms. Karen Anand : 25,000 (Twenty Five Thousand only)

Mr. Yadu Sankalia : 25,000 (Twenty Five Thousand only)

2. To issue, offer and allot 3,10,000 Fully Convertible Warrants to the following Directors and Business Associates as detailed hereunder at a issue price of Rs 200/- per warrant, carrying an option to be exercised by the holder of the Warrants of converting the Warrants into Equity Shares of the Company by subscribing to one Equity Share of the Company of Rs 10/- each, fully paid up, for every Warrant held, at a price of Rs 200/- per Equity Share.

- Directors:

1. Name of the Allottee : Dr. (Ms.) Kala Pant

No. of warrants to be allotted: 20,000

2. Name of the Allottee : Mr. G Ramchadran

No. of warrants to be allotted: 50,000

3. Name of the Allottee : Mr. David Ellington

No. of warrants to be allotted: 20,000

4. Name of the Allottee : Mr. R V Joshi

No. of warrants to be allotted: 20,000

5. Name of the Allottee : Mr. Ragvinder Singh Rekhi

No. of warrants to be allotted: 20,000

6. Name of the Allottee : Ms. Elizabeth Harrington

No. of warrants to be allotted: 20,000