Sungold Capital Ltd: Board Meeting on May 10, 2011

Sungold Capital Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on May 10, 2011, inter alia, to transact the following matters:

1. Issue of Equity Shares of Rs 10/- with premium of Rs. 10 each in lieu of 10,00,000 Convertible Equity Warrants allotted on Preferential Basis to the Promoter, to whom Warrants had been allotted and from whom balance 75%
consideration i.e. Rs. 52,50,000 has been received against the conversion of 3,50, 000 equity shares.

2. To enter and execute an agreements with theater owners for operating theaters.