Cupid Limited submitted its Business Responsibility and Sustainability Report (BRSR) for the financial year ended March 31, 2026. The filing highlights significant environmental milestones, including the implementation of a Zero Liquid Discharge system and a complete reduction in indirect greenhouse gas emissions.

Environmental Performance

The company reported zero total Scope 2 greenhouse gas emissions for FY26, a sharp decline from 7,483 metric tonnes of CO2 equivalent in the previous year. Total Scope 1 emissions rose to 1,667.82 metric tonnes of CO2 equivalent from 1,483.45 metric tonnes in FY25.

Water management saw structural changes with the implementation of a Zero Liquid Discharge (ZLD) system effective January 2026. Total water withdrawal increased to 45,220.8 kiloliters from 40,126 kiloliters in FY25, driven by a shift to surface water sources. Water consumption stood at 40,832.8 kiloliters.

Investment and Operations

Capital expenditure directed toward technologies improving environmental and social impacts accounted for 12% of total capex in FY26, up from 7% in FY25. Research and development spending for these specific technologies remained stable at 13%.

The company generated 136.632 metric tonnes of total waste in FY26, down from 150.072 metric tonnes in the prior year. Non-hazardous waste constituted the majority at 134.664 metric tonnes.

Social and Governance Metrics

Procurement strategy emphasized local sourcing, with 87.22% of input material value sourced directly from Micro, Small, and Medium Enterprises (MSMEs), an increase from 81.55% in FY25. The company reported no complaints related to sexual harassment, discrimination, or child labor during the reporting period.

Employee training coverage reached 100% for human rights issues across all permanent employees and workers. The board comprises seven members, including one female director representing 14% of the total.

What the Numbers Show

The elimination of Scope 2 emissions alongside a rise in Scope 1 emissions indicates a strategic decoupling of operational growth from purchased energy consumption. This divergence suggests that recent capital investments in energy efficiency, such as LED transitions and preventive maintenance, have successfully offset indirect carbon footprints despite higher direct process emissions.

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: