Cupid Limited has announced that its board of directors will meet on January 29 to deliberate on a potential bonus share issue. This corporate action consideration represents a significant development for the company's shareholders and could impact the stock's trading dynamics.

Board Meeting Details

The company has scheduled the board meeting specifically to consider the bonus share proposal. The meeting details are outlined below:

Understanding Bonus Share Issues

A bonus share issue involves the distribution of additional shares to existing shareholders at no extra cost, typically funded from the company's reserves or retained earnings. This corporate action serves multiple purposes:

• Enhances share liquidity in the market
• Makes shares more affordable for retail investors
• Rewards existing shareholders without cash outflow
• Demonstrates management's confidence in the company's prospects

Implications for Shareholders

If approved, the bonus issue would benefit existing shareholders by increasing their shareholding without requiring additional investment. The actual bonus ratio and implementation timeline will be determined during the board meeting, subject to regulatory approvals and compliance requirements.

The announcement reflects the company's consideration of shareholder-friendly measures and could potentially improve market participation in the stock. Shareholders and market participants will await the board's decision following the January 29 meeting.

Cupid Ltd will consider a bonus issue of equity shares at its board meeting scheduled for January 29, alongside releasing financial results for the quarter ended December 2025. The announcement has generated significant investor interest, with the stock closing 8% higher at ₹424.50 on the NSE.

Bonus Issue Details

A bonus issue involves the distribution of free shares to eligible shareholders from the company's reserves. If approved by the board, Cupid will issue bonus shares at a predetermined ratio to existing shareholders. The company will announce the record date and ex-date for the bonus issue following board approval.

Company Profile and Recent Expansion

Founded in 1993, Cupid operates as India's leading manufacturer and brand in multiple categories including male and female contraceptives, water-based personal lubricants, IVD kits, deodorants, perfumes, almond hair oil, body oils, petroleum jelly, and other FMCG products.

As part of its strategic growth initiatives, the company has recently expanded into fast-moving consumer goods categories:

• Fragrance products: Eau De Perfumes, Deodorants, Pocket Perfumes
• Personal care items: Toilet Sanitizers, Hair & Body Oils, Hair Removal Sprays, Face Wash
• Wellness solutions: Various health and personal care products

International Expansion Plans

Cupid has approved plans to establish an FMCG manufacturing facility in Saudi Arabia, marking the company's first production unit outside India. This strategic move aims to support the company's FMCG growth strategy and strengthen its presence in overseas markets, with initial focus on the Gulf Cooperation Council (GCC) region.

Exceptional Stock Performance

The stock has delivered remarkable returns for investors, establishing itself as a multibagger performer in the Indian equity market.

The strong stock performance reflects investor confidence in the company's expansion strategy and growth prospects across domestic and international markets.