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.

Cupid Limited successfully concluded its Extra Ordinary General Meeting on February 24, 2026, with shareholders demonstrating overwhelming support for all five proposed resolutions. The meeting, conducted through video conferencing, marked significant corporate governance milestones for the manufacturer and exporter of male condoms, female condoms, water-based lubricants, and In Vitro Diagnostics (IVD) kits.

Meeting Participation and Overview

The EGM witnessed participation from 89 shareholders out of a total shareholder base of 1,71,896 as recorded on the cut-off date of February 17, 2026. The attendee breakdown included one promoter group representative and 88 public shareholders, reflecting active engagement in the company's strategic decisions.

Resolution Results and Voting Outcomes

All five resolutions presented to shareholders received requisite majority approval through remote e-voting and e-voting during the EGM. The voting demonstrated strong confidence across different shareholder categories, with particularly robust support from the promoter group and public non-institutional investors.

Key Resolutions Approved:

Resolution 1 - Special Resolution (99.48% approval): Increase in threshold of loans/guarantees, providing securities and making investments under Section 186 of the Companies Act, 2013. Total votes polled: 12,73,60,998 representing 47.36% of outstanding shares.

Resolution 2 - Ordinary Resolution (99.56% approval): Increase in Authorised Capital and alteration of Capital Clause in Memorandum of Association. This resolution received 12,68,03,758 votes in favor against 5,57,240 votes against.

Resolution 3 - Ordinary Resolution (99.99% approval): Issue of Bonus Shares achieved the highest approval rate with 12,73,65,000 votes in favor and only 511 votes against, demonstrating near-unanimous shareholder support.

Detailed Voting Analysis

Governance and Compliance Measures

Resolution 4 - Special Resolution (99.69% approval): Continuation of Directorship of Mr. Rajinder Singh Loona (DIN: 02305074) as Non-Executive Independent Director post attaining 75 years of age, ensuring continuity in board expertise.

Resolution 5 - Special Resolution (99.99% approval): Approval under Section 180(1)(a) of the Companies Act, 2013 for creation of mortgage or charge on company assets, properties, or undertakings, providing financial flexibility for future operations.

Scrutinizer's Validation

Shailesh Kachalia, Practising Company Secretary (CP No. 3888), served as the appointed scrutinizer for the e-voting process. The scrutinizer's report confirmed the integrity of the voting process conducted through Central Depository Services (India) Limited's e-voting platform. All voting data and relevant records remain under safe custody and will be preserved following the Chairman's approval of EGM minutes.

The comprehensive approval of all resolutions reflects strong shareholder confidence in Cupid Limited's strategic direction and governance framework, positioning the company for continued growth in its specialized healthcare and wellness product segments.