Cupid Limited , a leading Indian manufacturer and exporter of healthcare and wellness products, has been honored at the Maharashtra State Export Award Ceremony. The prestigious event, held on October 13 at Taj Lands End, Mumbai, recognized top-performing exporters for their significant contributions to Maharashtra's global trade leadership.

Award Recognition

The Government of Maharashtra organized this ceremony to acknowledge companies that have demonstrated exceptional export performance. Cupid Limited's recognition at this event underscores its robust growth and consistent excellence in international markets across Africa, Latin America, Asia, Europe, and the Middle East.

Company Performance and Global Reach

Cupid Limited has established itself as a trusted brand in the global healthcare and wellness segment. The company currently exports its products to over 110 countries, with a substantial portion of its revenue generated from international markets. Notably, Cupid is the first company worldwide to achieve WHO/UNFPA pre-qualification for both male and female condoms.

Strategic Expansion

In line with its growth strategy, Cupid Limited has recently expanded its product portfolio to include various Fast-Moving Consumer Goods (FMCG). The company's product range now encompasses:

• Male and female condoms
• Water-based personal lubricants
• IVD kits
• Fragrance products (Eau De Perfumes, Deodorants, Pocket Perfumes)
• Personal care items (Toilet Sanitizers, Hair & Body Oils, Hair Removal Sprays, Face Wash)
• Other wellness solutions

Production Capacity Enhancement

To support its growth trajectory, Cupid Limited completed a strategic land acquisition in Palava, Maharashtra, in March 2024. This move is set to significantly boost the company's production capacity:

This expansion represents a 1.5-fold increase in the company's existing output.

Management's Perspective

Mr. Aditya Kumar Halwasiya, Chairman and Managing Director of Cupid Limited, expressed his thoughts on receiving the award: "We are deeply honored to receive this recognition from the Government of Maharashtra. This award is a testament to our team's commitment to quality, innovation, and purpose-driven growth. Cupid's success in exports reflects not only our product excellence but also India's growing reputation as a trusted manufacturing hub for health and wellness solutions worldwide."

The Maharashtra State Export Award serves as a reaffirmation of Cupid Limited's continued focus on expanding its international footprint while contributing meaningfully to India's export growth and sustainable development goals. As the company continues to innovate and expand its product range, it remains well-positioned to capitalize on global market opportunities in the healthcare and wellness sector.

Cupid , a player in the alcoholic beverage industry, has announced an ambitious plan to bolster its financial position. The company revealed its intention to raise up to 4.50 billion rupees through the issuance of securities.

Capital Raising Initiative

On October 4, Cupid disclosed its strategy to tap into the capital markets. The company's board has approved a plan to raise funds by issuing securities, with the target set at 4.50 billion rupees.

Potential Impact

This move by Cupid could have significant implications for the company's future operations and growth strategies. The influx of capital, if successfully raised, may provide the company with the financial flexibility to:

• Expand production capabilities
• Invest in new product development
• Strengthen its market position
• Reduce existing debt
• Fund potential acquisitions

Investor Considerations

For investors and market watchers, this announcement signals a noteworthy development in Cupid's financial strategy. The success of this capital raising initiative could be a key factor in shaping the company's trajectory in the competitive alcoholic beverage market.

As the details of the securities issuance unfold, stakeholders will likely keep a close eye on the terms of the offering and the market's response to this significant financial move by Cupid.

The company has not provided specific information about the type of securities to be issued or the intended use of the funds at this time. Further announcements from Cupid regarding the details of this capital raising plan are anticipated in the near future.