Cupid Limited has appointed Shri Keral Prasad Yadav as an Additional Non-Executive Independent Director for a term of five years, effective August 17, 2026. The appointment follows a recommendation from the Nomination and Remuneration Committee and was approved by the Board of Directors through a Circular Resolution.

The new director is not liable to retire by rotation. His tenure will run until August 16, 2031, pending final approval from shareholders. The company confirmed that Yadav is not debarred from holding the office of director by any SEBI order or other authority and is not disqualified under Section 164 of the Companies Act, 2013.

Regulatory Compliance and Shareholder Approval

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Cupid Limited issued the intimation to stock exchanges. Under Regulation 17(1C) of the same regulations, the appointment must be ratified by shareholders at the next general meeting or within three months of the appointment date, whichever is earlier.

The Board had previously approved the notice for the 33rd Annual General Meeting on August 7, 2026. To accommodate this appointment, the Board approved a revised Notice of AGM via Resolution by Circulation dated August 17, 2026, to include the agenda item for shareholder approval. All other contents of the original notice remain unchanged.

Profile of Appointee

Shri Keral Prasad Yadav brings extensive experience in public financial administration, audit, financial reporting, internal controls, and institutional governance. His professional background includes senior roles such as Principal Accountant General of Jammu & Kashmir, Director General of Audit, and Principal Director of Audit.

His expertise covers financial oversight, audit evaluation of major projects, internal audit processes, and international audit assignments. The company stated that his association is expected to bring valuable perspectives on financial oversight, audit, governance, and independence to the Board.

Yadav is not related to any other director of the company. The disclosure complies with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Cupid Limited corrected an inadvertent typographical error in its disclosure of unaudited financial results for the quarter ended June 30, 2026, clarifying that the accompanying documents were limited review reports rather than audited financial statements. The correction, issued on August 11, 2026, ensures regulatory accuracy but confirms that no financial figures or operational data have been altered from the original announcement made on August 07, 2026.

The company initially described the documents as "Auditor’s Report on both the Quarterly Audited Standalone and Consolidated Financial Results." The corrected disclosure accurately labels them as "Limited Review Reports on both the Quarterly Un-audited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026." This distinction is critical for investors to understand the level of assurance provided by the statutory auditors, Chaturvedi Sohan & Co., Chartered Accountants (FRN: 118424W).

Financial Results Remain Unchanged

Despite the terminological correction, the standalone net profit for Q1FY27 remains at ₹44.16 crore, representing a 194% year-on-year increase from ₹15.02 crore in Q1FY26. Revenue from operations stood at ₹15,471.50 lakh (₹154.72 crore), up 159% from ₹5,980.49 lakh in the corresponding period last year. The Board of Directors had approved these results pursuant to Regulation 30 and Regulation 33 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Consolidated net profit was reported at ₹44.15 crore, compared to ₹15.01 crore in Q1FY26. The total comprehensive income was ₹1.71 crore, impacted by a ₹42.46 crore loss on equity instruments measured at fair value through Other Comprehensive Income (OCI). This valuation adjustment relates to the company's strategic investment in Baazar Style Retail Limited, involving fully convertible warrants held for conversion into equity shares within 18 months.

Strategic Initiatives and Governance

The Board also granted in-principle approval for an exploratory exercise to evaluate a proposed business project in West Bengal, aimed at assessing land availability and infrastructure for manufacturing medical devices and healthcare products. Additionally, the Board considered the continuation of Mr. Thallapaka Venkateswara Rao as a Non-Executive Independent Director post-attaining the age of 75 years, subject to shareholder approval via special resolution at the ensuing Annual General Meeting.