Cupid promoter Aditya Halwasiya acquires 8.6 lakh shares in open market
- Aditya Kumar Halwasiya acquired 8,60,688 Cupid Ltd shares in the open market
- His individual stake rose to 33.69% of total voting capital
- Promoter group holding increased to 46.64% post-acquisition
- Transaction disclosed under SEBI SAST Regulations Rule 29(2)
- No encumbrances or pledges reported on the newly acquired shares

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Cupid Limited promoter and chairman Aditya Kumar Halwasiya acquired 8,60,688 equity shares in the open market on September 1, 2026. The transaction increased his individual stake to 33.69% of the total voting capital.
The acquisition was disclosed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Halwasiya purchased the shares at a face value of Re. 1 each.
Shareholding Pattern
Following the open market purchase, Halwasiya’s total shareholding stands at 452,982,093 shares. This represents a marginal increase from his previous holding of 452,121,405 shares.
| Stakeholder | Shares Held | % of Voting Capital | % of Diluted Capital |
|---|---|---|---|
| Aditya Kumar Halwasiya | 452,982,093 | 33.69% | 33.63% |
| Columbia Petro Chem Pvt Ltd | 174,199,250 | 12.95% | 12.93% |
| Promoter Group Total | 627,181,343 | 46.64% | 46.56% |
Columbia Petro Chem Private Limited, another entity within the promoter group, maintained its stake unchanged at 174,199,250 shares (12.95%).
Capital Structure
The company’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.
What the Numbers Show
The promoter group’s consolidated holding increased by 0.07 percentage points to 46.64% of the voting capital. With no encumbrances or pledges reported on the acquired shares, the move reflects a straightforward consolidation of ownership without altering the leverage profile of the promoter group.
Historical Stock Returns for Cupid
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.93% | -3.97% | +19.27% | +238.23% | +698.17% | +12,016.74% |
How might Aditya Kumar Halwasiya's increased stake influence Cupid Limited's strategic direction or upcoming capital allocation decisions?
Could this open market acquisition signal confidence in the company's near-term valuation, potentially impacting investor sentiment and stock price volatility?
What are the implications of the promoter group maintaining an unpledged stake for the company's financial stability and credit rating outlook?


































