Cupid Limited has announced the successful allotment of 4,65,000 equity shares to employees under its Employee Stock Option Plan (ESOP) 2022. The company's Nomination and Remuneration Committee approved this allotment on January 27, 2026, as part of its employee incentive program.

Share Allotment Details

The equity shares were allotted to grantees who exercised their stock options under the Cupid Limited – Employees Stock Option Plan 2022. The allotment represents a significant employee participation in the company's equity structure.

Impact on Share Capital

Following this allotment, Cupid Limited's total issued share capital has increased to 26,89,32,140 shares. The newly allotted equity shares will rank pari-passu with the company's existing equity shares, ensuring equal rights and privileges for all shareholders.

Corporate Action Adjustments

The ESOP terms reflect adjustments made due to previous corporate actions, including subdivision of equity shares from face value of Rs. 10 to Re. 1 and bonus share issuance in 1:1 ratio in April 2024. These adjustments resulted in:

• Original shares of 23,250 adjusted to 4,65,000 shares
• Exercise price adjusted from Rs. 140 to Rs. 7 per share
• Premium adjusted from Rs. 130 to Rs. 6 per share

Regulatory Compliance

The allotment was conducted in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The shares carry ISIN INE509F01029 and are listed on both BSE Limited and National Stock Exchange of India Limited. No lock-in restrictions apply to the allotted shares, providing immediate liquidity to the employee beneficiaries.

Cupid Limited has announced the resignation of Ms. Shaina Chudasama from her position as Non-Executive Director, effective from the close of business hours on January 27, 2026. The company disclosed this information to stock exchanges in compliance with SEBI regulations.

Resignation Details

Ms. Shaina Chudasama, holding Director Identification Number (DIN) 02933918, submitted her resignation citing political and social commitments as the reason for her departure. The resignation letter was formally submitted to the Board of Directors on January 27, 2026.

Impact on Board Committees

Following her resignation as Non-Executive Director, Ms. Chudasama will also cease to be a member of the Corporate Social Responsibility Committee of the company. This change in board composition has been communicated to stakeholders as required under regulatory guidelines.

Regulatory Compliance

Cupid Limited has fulfilled its disclosure obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company submitted the required information to both BSE Limited (Scrip Code: 530843) and The National Stock Exchange of India Ltd. (Scrip Code: CUPID).

The disclosure was made in accordance with SEBI Circular bearing reference number SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, which outlines specific requirements for reporting changes in board composition.

Company Background

Cupid Limited operates as a manufacturer and exporter of male condoms, female condoms, water-based lubricants, and In Vitro Diagnostics (IVD) kits. The company is headquartered at A-68, M.I.D.C. (Malegaon), Sinnar, Nashik - 422113, Maharashtra, India, and holds CIN number L25193MH1993PLC070846.

The resignation letter and detailed disclosures have been submitted to relevant authorities, ensuring transparency and compliance with all applicable regulations governing listed companies in India.