Cupid Limited has informed stock exchanges about the resignation of Ms. Smeeta Bhatkal from her position as Independent Director, effective from the closure of business hours on March 2nd, 2026. The announcement was made through a regulatory filing dated March 6th, 2026, in compliance with SEBI disclosure requirements.

Resignation Details

Ms. Bhatkal, who holds Director Identification Number (DIN) 07363916, submitted her resignation citing full-time professional commitments as the primary reason for her departure. In her resignation letter, she stated that due to these commitments, she would not be able to devote sufficient time to the Board.

Board Committee Impact

With Ms. Bhatkal's resignation, she will also cease to be a member of the company's Audit Committee. This change in board composition will require the company to potentially restructure its committee arrangements to maintain compliance with corporate governance requirements.

Other Directorships

According to the disclosure, Ms. Smeeta Bhatkal currently serves as an Independent Director in Prime Securities Limited, where she also holds the position of Chairperson of the Audit Committee. The company has confirmed that Ms. Bhatkal provided assurance that there are no material reasons for her resignation other than those mentioned in her resignation letter.

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 and The National Stock Exchange of India Ltd, along with comprehensive details as per SEBI Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

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 in Nashik, Maharashtra, with its registered office at A-68, M.I.D.C. (Malegaon), Sinnar, Nashik.

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.

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. The formal disclosure document was submitted by Aditya Kumar Halwasiya to both BSE Limited and National Stock Exchange of India Limited, where Cupid Limited shares are listed.

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.