Promoter Aditya Kumar Halwasiya increased his stake in Cupid Limited by acquiring 21,00,000 equity shares through open market purchases on June 3, 2026. The acquisition, amounting to 0.16% of the total share capital, was executed at a face value of Re. 1 each. Following this transaction, Halwasiya's total holding in the company rose to 33.29%, strengthening the promoter group's control over the manufacturer of condoms and diagnostic kits.

The disclosure was submitted to BSE Limited and the National Stock Exchange of India Limited in compliance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Hardik Meghji Chandra, Company Secretary and Compliance Officer of Cupid Limited, confirmed the receipt of the disclosure from the promoter.

Prior to the acquisition, Halwasiya held 44,55,25,475 shares, representing 33.13% of the total voting capital. The promoter group, including Columbia Petro Chem Private Limited, collectively held 46.08% before the transaction. With the latest purchase, the aggregate promoter group holding has increased to 46.24%.

The total equity share capital of Cupid Limited remains at Rs. 134,46,60,700, divided into 134,46,60,700 equity shares of Re. 1 each. The total diluted share capital post-acquisition stands at Rs. 134,70,00,000.

Shareholding Details

Cupid Limited has announced the appointment of Mr. Bontha Prasada Rao as an Independent Director following the conclusion of its postal ballot proceedings. The resolution to appoint Mr. Rao, who holds Director Identification Number (DIN) 01705080, was passed with the requisite majority during the remote e-voting process conducted in April and May 2026.

Postal Ballot Proceedings

The e-voting process for this resolution commenced at 9:00 a.m. IST on Tuesday, April 21, 2026, and concluded at 5:00 p.m. IST on Wednesday, May 20, 2026. A total of 759 shareholders cast their votes on the e-voting platform. The scrutinizer's report confirms that the business transacted through this postal ballot was finalized as of the closing time on May 20, 2026.

Voting Results

The appointment was approved as a Special Resolution. The detailed voting results indicate overwhelming support from the shareholders for the appointment of the new Independent Director.

The scrutinizer's report, signed by Mr. Shailesh Kachalia, was submitted to the exchanges on May 22, 2026. The confirmation of the voting results was signed by Hardik Chandra, Company Secretary and Compliance Officer of Cupid Limited.