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.

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.