Cupid Ltd: Updates on Outcome of Board Meeting

With reference to the earlier announcement regarding Outcome of Board Meeting held on April 28, 2011, Cupid Ltd has now informed BSE that in respect of the point no. 2, wherein the Company have mentioned for allotment upto 15,00,000 convertible warrants to the non - promoters instead of that please read 15,00,000 convertible warrant to be issued to promoters and non promoters of the company and therefore please read that point 2 as under:

"To issue 15,00,000 convertible warrants carrying an entitlement to subscribe to an equivalent number of fully paid up equity shares of face value Rs. 10/- each at a price not less than Rs. 10/- per equity share on preferential basis to promoters and non- promoters of the Company subject to the approval given by shareholders of the Company and other requisite permissions."