Cupid Limited Reconstitutes Audit Committee with Three Independent Directors

Cupid Limited has announced the reconstitution of its Audit Committee through a Board resolution passed by circulation on March 30, 2026. The healthcare products manufacturer communicated this corporate governance update to both BSE and NSE under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Committee Composition

The reconstituted Audit Committee comprises three members, all holding Non-Executive & Independent Director positions. The new structure ensures compliance with corporate governance norms for listed companies.

Position	Name	Category
Chairperson	Mrs. Rajni Mishra	Non-Executive & Independent Director
Member	Mr. Thallapaka Venkateswara Rao	Non-Executive & Independent Director
Member	Mr. Bontha Prasada Rao	Non-Executive & Independent Director

Regulatory Compliance

The company filed the mandatory disclosure with stock exchanges to inform stakeholders about the committee changes. Company Secretary and Compliance Officer Saurabh V. Karmase digitally signed the regulatory filing on March 30, 2026.

Company Background

Cupid Limited operates as a manufacturer and exporter of male condoms, female condoms, water-based lubricants, and In Vitro Diagnostics (IVD) kits. The company is headquartered at A-68, M.I.D.C. (Malegaon), Sinnar, Nashik, Maharashtra, and trades on BSE under scrip code 530843 and NSE under scrip code CUPID.

The reconstitution reflects the company's commitment to maintaining robust corporate governance practices through independent oversight of its audit functions.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.16%	+20.73%	+41.66%	+124.89%	+661.38%	+910.39%

Cupid Limited has disclosed that its promoter and Chairman & Managing Director, Aditya Kumar Halwasiya, acquired 800,000 equity shares through open market purchases. The transaction was formally disclosed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, with the disclosure filed on March 20, 2026.

Transaction Details

The share acquisition represents a strategic investment by the promoter group, demonstrating continued confidence in the company's fundamentals and growth prospects. The transaction was executed through market purchases on March 20, 2026.

Transaction Parameter:	Details
Promoter Name:	Aditya Kumar Halwasiya
Shares Acquired:	800,000
Transaction Type:	Market Purchase
Transaction Date:	March 20, 2026
Face Value per Share:	Re. 1.00

Shareholding Pattern Impact

Following this acquisition, the promoter group's total shareholding has increased from 45.79% to 45.85%. The updated shareholding structure shows a consolidated promoter presence in the company's equity base.

Shareholding Details:	Before Acquisition	After Acquisition	Change
Aditya Kumar Halwasiya:	441,645,475 shares (32.84%)	442,445,475 shares (32.90%)	+0.06%
Columbia Petro Chem Pvt Ltd:	174,199,250 shares (12.95%)	174,199,250 shares (12.95%)	No change
Total Promoter Group:	615,844,725 shares (45.79%)	616,644,725 shares (45.85%)	+0.06%

Company Capital Structure

The disclosure reveals that Cupid Limited's equity share capital remains unchanged at Rs. 134,46,60,700, divided into 134,46,60,700 equity shares of Re. 1 each. The total diluted share capital stands at Rs. 134,70,00,000, accounting for potential conversion of outstanding convertible securities.

Capital Structure:	Details
Current Equity Capital:	Rs. 134,46,60,700
Total Equity Shares:	134,46,60,700
Diluted Share Capital:	Rs. 134,70,00,000
Face Value:	Re. 1.00 per share

Regulatory Compliance

The disclosure was filed in compliance with SEBI regulations governing substantial acquisition of shares. The formal communication was addressed to both BSE Limited and National Stock Exchange of India Limited, ensuring full regulatory transparency. The acquisition maintains compliance with all applicable takeover regulations.

Market Implications

Promoter purchases in the open market typically signal strong confidence in the company's business strategy and future performance potential. This acquisition aligns the promoter's interests with shareholders and reinforces long-term commitment to the business. The transaction maintains the promoter group's significant stake while demonstrating active participation in the company's equity market activities.