Cupid Limited has disclosed a share acquisition by its promoter group under regulatory compliance requirements. The company, which manufactures and exports male condoms, female condoms, water-based lubricants, and in vitro diagnostics kits, announced the transaction through stock exchange filings on February 26, 2026.

Promoter Share Acquisition Details

Aditya Kumar Halwasiya, Chairman and Managing Director of Cupid Limited, acquired 2,27,000 equity shares of face value Re. 1 each through open market purchase. The acquisition represents 0.08% of the company's total share capital and diluted voting capital.

Transaction Specifications

The share acquisition was executed through market purchase on February 26, 2026. The transaction involved only equity shares carrying voting rights, with no warrants, convertible securities, or encumbered shares involved in the deal.

Company Capital Structure

Cupid Limited's equity share capital remained unchanged following the transaction. The company's capital structure shows consistent figures across pre and post-acquisition scenarios.

Regulatory Compliance

The disclosure was made in compliance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Company Secretary and Compliance Officer Saurabh V. Karmase submitted the required documentation to both BSE Limited and National Stock Exchange of India Limited, where Cupid Limited shares are listed under scrip codes 530843 and CUPID respectively.

The acquisition strengthens the promoter group's position in the company while maintaining transparency through proper regulatory disclosures. The transaction reflects continued confidence by the promoter in the company's prospects and business operations.

Cupid Limited has announced the appointment of Mr. Bontha Prasada Rao as an Additional Non-Executive Independent Director, marking a significant addition to its board leadership. The appointment, effective February 25, 2026, was approved through a circular resolution based on the recommendation of the Nomination and Remuneration Committee.

Appointment Details

The board has appointed Mr. Bontha Prasada Rao (DIN No – 01705080) for a first term of five consecutive years, with his tenure extending until February 24, 2031. The appointment is subject to approval from shareholders and complies with Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Regulatory Compliance

Cupid Limited has confirmed that Mr. Rao meets all regulatory requirements for the directorial position. The company stated that he is not debarred from holding the office of Director by virtue of any SEBI order or other authority. Additionally, he is not disqualified from holding directorial positions under Section 164 of the Companies Act, 2013.

The appointment disclosure includes confirmation that Mr. Rao is not related to any other Director of the Company, ensuring independence in his role.

Professional Background

Mr. Bontha Prasada Rao brings extensive leadership experience to Cupid Limited's board. He previously served as Chairman and Managing Director of Bharat Heavy Electricals Limited (BHEL) until December 31, 2015. During his tenure at BHEL, a Maharatna enterprise, he led the company to surpass sales of Rs. 50,000 crores and helped secure the coveted Maharatna status from the Government of India.

His educational credentials include a Mechanical Engineering degree from Jawaharlal Nehru Technological University, Kakinada, and a Post Graduate degree in Industrial Engineering from NITIE, Mumbai. He was recognized with a two-year extension as CMD/BHEL by the Government of India, marking the first such extension in a PSU.

Current Directorships

Mr. Rao currently serves as an Independent Director on several prominent boards, including:

• TATA-Boeing Aerospace Ltd.
• Havells India
• Titagarh Rail Systems Limited
• Institute of Public Enterprises
• Steel Infra Solutions Company Ltd (SISCOL)
• Power Mech Projects Limited

He has also served on various government and institutional boards, including CSIR/Government of India, IIM Kashipur, and Central Depository Services Ltd (CDSL). His recognition includes the Engineering Excellence Award and an Honorary Doctorate from Jawaharlal Nehru Technological University, Kakinada.

Company Information

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, Maharashtra, and trades on both BSE and NSE exchanges.