Cupid Limited reported a significant open market acquisition by its promoter and Chairman and Managing Director, Aditya Kumar Halwasiya. On August 17, 2026, Halwasiya purchased 1,395,538 equity shares of face value Re 1 each, marking a direct increase in his ownership stake in the condom and diagnostics manufacturer.

The acquisition was made in compliance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure highlights a consolidation of promoter interest, with no corresponding disposals or encumbrances recorded during the period.

Shareholding Pattern Changes

The open market purchase adjusted the individual and group holding structures within Cupid Limited. While Halwasiya’s stake increased by 0.10%, the holding of other promoter entities remained unchanged.

The total diluted share/voting capital of the company stands at 13,47,00,000 equity shares. The acquisition does not involve any warrants, convertible securities, or voting rights other than those attached to equity shares.

Regulatory Compliance

Cupid Limited filed the disclosure with both the Bombay Stock Exchange and the National Stock Exchange of India on August 17, 2026. Hardik Meghji Chandra, Company Secretary and Compliance Officer, certified the receipt of the disclosure from the promoter. The filing confirms that no shares were encumbered or pledged as part of this transaction.

Cupid Limited has appointed Shri Keral Prasad Yadav as an Additional Non-Executive Independent Director for a term of five years, effective August 17, 2026. The appointment follows a recommendation from the Nomination and Remuneration Committee and was approved by the Board of Directors through a Circular Resolution.

The new director is not liable to retire by rotation. His tenure will run until August 16, 2031, pending final approval from shareholders. The company confirmed that Yadav is not debarred from holding the office of director by any SEBI order or other authority and is not disqualified under Section 164 of the Companies Act, 2013.

Regulatory Compliance and Shareholder Approval

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Cupid Limited issued the intimation to stock exchanges. Under Regulation 17(1C) of the same regulations, the appointment must be ratified by shareholders at the next general meeting or within three months of the appointment date, whichever is earlier.

The Board had previously approved the notice for the 33rd Annual General Meeting on August 7, 2026. To accommodate this appointment, the Board approved a revised Notice of AGM via Resolution by Circulation dated August 17, 2026, to include the agenda item for shareholder approval. All other contents of the original notice remain unchanged.

Profile of Appointee

Shri Keral Prasad Yadav brings extensive experience in public financial administration, audit, financial reporting, internal controls, and institutional governance. His professional background includes senior roles such as Principal Accountant General of Jammu & Kashmir, Director General of Audit, and Principal Director of Audit.

His expertise covers financial oversight, audit evaluation of major projects, internal audit processes, and international audit assignments. The company stated that his association is expected to bring valuable perspectives on financial oversight, audit, governance, and independence to the Board.

Yadav is not related to any other director of the company. The disclosure complies with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.