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.

Cupid Limited has issued a clarification to BSE regarding ongoing negotiations with Baazar Style Retail Limited, following an exchange inquiry about news reports that appeared on Economic Times website. The company responded to BSE's surveillance department inquiry dated January 21, 2026, providing detailed information about the negotiation timeline and current status.

Negotiation Timeline and Details

The company confirmed that negotiations with Baazar Style Retail Limited are indeed taking place. The sequence of events has been clearly documented by Cupid Limited in its response to the exchange.

Cupid Limited received an invitation for expression of interest from Baazar Style Retail Limited on January 14, 2026. On the same day, the company communicated its expression of interest to participate in the proposed transaction, subject to receipt of all necessary internal, regulatory and statutory approvals.

Exchange Compliance and Disclosure

In response to BSE's inquiry about undisclosed information that could explain trading movements, Cupid Limited stated that the company is not aware of any information that has not been announced to the exchanges which could explain the movement in trading. This response addresses concerns about potential information asymmetry in the market.

The company also confirmed that it is not aware of any regulatory or legal proceedings related to this matter. Cupid Limited has assured that it will make necessary disclosures upon the occurrence of any material development in the negotiations.

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, Maharashtra, and trades on BSE with scrip code 530843.

Regulatory Compliance

The clarification was signed by Saurabh V. Karmase, Company Secretary and Compliance Officer, demonstrating the company's commitment to maintaining transparency with regulatory authorities. The response addresses all specific queries raised by BSE's surveillance department regarding the negotiations and ensures compliance with disclosure requirements under applicable regulations.