Cupid Limited will hold its 33rd Annual General Meeting on Tuesday, September 22, 2026, at 4:00 pm via Video Conferencing/Other Audio Visual Means, alongside the release of its Annual Report for FY26 — a landmark year in which consolidated total income rose 93% to ₹391.40 crore and profit after tax advanced 165% to ₹108.23 crore.

The meeting is convened under General Circular No. 03/2025 dated September 22, 2025, issued by the Ministry of Corporate Affairs, which permits AGMs through VC/OAVM without physical presence at a common venue. The cut-off date for determining voting eligibility is September 15, 2026.

AGM agenda and resolutions

The meeting will transact both ordinary and special business. Key items include adoption of audited standalone and consolidated financial statements for the year ended March 31, 2026, re-appointment of Aditya Kumar Halwasiya as a director liable to retire by rotation, and ratification of remuneration of up to ₹1,50,000 payable to M/s KPMSS & Associates as Cost Auditors for FY27.

Special resolutions include continuation of Thallapaka Venkateswara Rao as an Independent Director beyond the age of 75 years (he will attain that age in July 2027, with his current tenure running to October 19, 2028), and formal appointment of Shri Kerala Prasad Yadaw as an Independent Director for a first term of five consecutive years commencing August 17, 2026.

Record financial performance in FY26

FY26 was the strongest year in Cupid's history on a consolidated basis, surpassing the company's own guidance of ₹335 crore in revenue and ₹100 crore in PAT. The following table summarises key consolidated metrics:

Exports contributed ₹208.13 crore, accounting for 59.3% of revenue from operations, with a presence across 125+ countries. The FMCG consumer business contributed ₹121.61 crore, making it the fastest-growing segment. Q4 FY26 was the strongest quarter in the company's history, with total income of ₹132.04 crore, up 116% year-on-year.

Strategic milestones and investments

During FY26, the company commenced development of a premium nitrile (NBR) female condom, advanced its Palava manufacturing facility with integrated dual-polymer technology, and received CE (EU IVDR) certifications for HIV 1&2, Hepatitis B, Syphilis, and Pregnancy test kits. A total commitment of ₹331.53 crore has been made to Baazar Style Retail Limited, of which ₹82.88 crore was deployed in April 2026 and ₹36.93 crore in May 2026. The company also secured a long-term supply contract with Partnership for Supply Chain Management (PFSCM) and received the Maharashtra State Export Award 2025.

Upon full commissioning, the Palava facility will target annual production capacity of approximately 1.25 billion male condoms and 125 million female condoms. The company has enhanced its FY27 guidance to ₹725 crore–₹750 crore in revenue and ₹210 crore–₹225 crore in net profit, with a medium-term aspiration of ₹1,500 crore in revenue by FY29.

Voting and document access

Remote e-voting opens on Friday, September 18, 2026, at 9:00 am and closes on Monday, September 21, 2026, at 5:00 pm. CDSL has been appointed as the e-voting agency. Members attending the AGM who have not cast votes through remote e-voting may vote during the meeting. Attendance via VC/OAVM will count toward quorum under Section 103 of the Companies Act, 2013.

The Notice of the AGM and Annual Report for FY26 are available on the following platforms:

Cupid promoter Aditya Kumar Halwasiya acquired 11,00,000 equity shares in the open market on August 24, 2026. The transaction increases his individual stake and reinforces the promoter group’s controlling interest in the company.

The acquisition was disclosed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. Halwasiya purchased the shares directly from the market, with no off-market transfers or convertible instruments involved in the deal.

Shareholding Pattern Changes

Prior to this transaction, Aditya Kumar Halwasiya held 449,824,013 shares, representing 33.45% of the total share capital and 33.39% of the diluted voting capital. Following the acquisition, his holding rose to 450,924,013 shares.

The other promoter entity, Columbia Petro Chem Private Limited, maintained its stake unchanged at 174,199,250 shares (12.95%). Consequently, the total promoter group holding increased from 46.40% to 46.48% of the equity share capital.

Capital Structure Context

Cupid Limited’s total equity share capital remains at ₹134,46,60,700, divided into 134,46,60,700 equity shares of Re. 1 each. The total diluted share capital stands at ₹134,70,00,000, assuming full conversion of outstanding convertible securities.

No shares held by the promoters are currently encumbered through pledge or lien. There were no changes in voting rights other than those carried by equity shares, nor any acquisition of warrants or other convertible instruments during this period.