Cupid Limited , a prominent manufacturer and exporter of male condoms, female condoms, water-based lubricants, and In vitro Diagnostics (IVD) Kits, has reported a significant change in its promoter shareholding. Aditya Kumar Halwasiya, the Promoter, Chairman, and Managing Director of Cupid Limited, has increased his stake in the company through a substantial share acquisition.

Key Highlights of the Transaction

• Acquisition Details: Aditya Kumar Halwasiya acquired 11,00,000 equity shares of face value Re. 1 each through open market transactions.
• Shareholding Increase: Following this acquisition, Halwasiya's personal shareholding in Cupid Limited rose from 85,355,582 shares (31.79%) to 86,455,582 shares (32.20%) of the total share capital.
• Promoter Group Holding: The combined promoter group holding, which includes Columbia Petro Chem Private Limited's 34,839,850 shares (12.98%), now stands at 121,295,432 shares, representing 45.18% of the company's total equity.
• Transaction Date: The acquisition took place on September 24, as per the disclosure made to the stock exchanges.

Impact on Shareholding Structure

The transaction has led to a modest but notable increase in the promoter group's overall stake in Cupid Limited. Here's a breakdown of the changes:

Company Overview

Cupid Limited maintains its equity share capital at Rs. 26,84,67,140, divided into 26,84,67,140 equity shares of Re. 1 each. The company specializes in the production and export of sexual health and wellness products.

Regulatory Compliance

The disclosure of this transaction was made in compliance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires prompt disclosure of any acquisition of shares that results in the acquirer's shareholding crossing certain thresholds.

This strategic move by the promoter to increase his stake may be seen as a sign of confidence in the company's future prospects. However, investors are advised to conduct their own research and consult financial advisors before making investment decisions.

Cupid Limited , a manufacturer and exporter of male condoms, female condoms, water-based lubricants, and In Vitro Diagnostics (IVD) Kits, has seen a significant change in its promoter shareholding. Aditya Kumar Halwasiya, the company's Promoter and Chairman and Managing Director, has increased his stake in the company through a substantial share acquisition.

Key Highlights of the Transaction

• Acquisition Details: Aditya Kumar Halwasiya acquired 10,00,000 equity shares of Cupid Limited through open market transactions.
• Shareholding Increase: The acquisition has increased Halwasiya's personal shareholding from 8,43,55,582 shares (31.42%) to 8,53,55,582 shares (31.79%) of the total share capital.
• Promoter Group Holding: The total promoter group holding, including Columbia Petro Chem Private Limited's 3,48,39,850 shares (12.98%), has increased from 44.40% to 44.77%.
• Share Details: The acquired shares have a face value of Re. 1 each.

Impact on Company Structure

The transaction has resulted in a slight increase in the promoter group's control over the company. Here's a breakdown of the shareholding structure post-acquisition:

Company Overview

Cupid Limited's equity share capital stands at Rs. 26,84,67,140, divided into 26,84,67,140 equity shares of Re. 1 each.

Regulatory Compliance

The disclosure of this transaction was made in compliance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company promptly informed the stock exchanges about the change in shareholding, demonstrating its commitment to transparency and regulatory adherence.

Market Implications

The increased promoter stake could be viewed as a sign of confidence in the company's future prospects. Investors and market analysts will likely monitor how this change in shareholding structure might influence the company's strategic decisions and overall performance.