Cupid Limited , a leading manufacturer 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 10,00,000 equity shares of Cupid Limited through open market purchases.
• Share Face Value: The acquired shares have a face value of Re. 1 each.
• Shareholding Increase: Following this acquisition, Halwasiya's personal shareholding in the company has risen from 83,355,582 shares (31.05%) to 84,355,582 shares (31.42%) of the total voting capital.

Impact on Promoter Group Holding

The recent acquisition has led to an increase in the overall promoter group holding in Cupid Limited:

• Combined Promoter Holding: The total promoter group holding, including Halwasiya's shares and those held by Columbia Petro Chem Private Limited, now stands at 119,195,432 shares.
• Percentage of Total Voting Capital: This combined holding represents 44.40% of the total voting capital of the company.
• Columbia Petro Chem's Stake: Columbia Petro Chem Private Limited continues to hold 34,839,850 shares, accounting for 12.98% of the total voting capital.

Company Share Capital

• Total Equity Share Capital: Cupid Limited's equity share capital remains unchanged at Rs. 26,84,67,140.
• Number of Shares: This capital is divided into 26,84,67,140 equity shares of Re. 1 each.

Regulatory Compliance

The company has duly informed the stock exchanges about this transaction in compliance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure was made to both the BSE Limited and the National Stock Exchange of India Ltd.

Market Impact

While the immediate market reaction to this development is not provided in the available data, such significant insider buying often signals confidence in the company's prospects and can be viewed positively by the market.

Cupid Limited , a leading 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 10,00,000 equity shares of face value Re. 1 each through open market transactions.
• Shareholding Increase: Following this acquisition, Halwasiya's personal shareholding in Cupid Limited increased from 82,355,582 shares (30.68%) to 83,355,582 shares (31.05%) of the total voting 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 118,195,432 shares, representing 44.03% of the total voting capital.

Impact on Company Structure

The recent acquisition has led to a slight increase in the promoter's 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.

Regulatory Compliance

In compliance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, Mr. Aditya Kumar Halwasiya has duly disclosed the acquisition to the company. Cupid Limited has promptly informed the stock exchanges about this change in shareholding, demonstrating its commitment to transparency and regulatory adherence.