Splash Media - Outcome of Board Meeting

Splash Media Works Ltd has informed BSE that the Board of Directors of the Company at its meeting held on September 19, 2009, inter alia, has converted the 5,28,500 warrants in to 5,28,500 Equity Shares out of 10,96,500 erstwhile warrants allotted on preferential basis and consequently approved the allotment of such converted 5,28,500 Equity shares of face value of Rs. 10/- each at issue price of Rs. 83/- each.