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Cupid Limited announced that it has completed the conversion of 30,00,000 warrants into an equivalent number of Equity Shares of Baazar Style Retail Limited at a predetermined price of Rs 328.25 per Equity Share, according to a regulatory filing on October 15, 2026.

Cupid Limited informed the BSE Limited and the National Stock Exchange of India Ltd that it received a certificate from Bigshare Services Private Limited, its Registrar and Share Transfer Agent, for the quarter ended September 30, 2026, in compliance with Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018.

Cupid Limited will close its trading window for all designated persons, including directors and their immediate relatives, from October 1, 2026, until 48 hours after the declaration of un-audited financial results for the quarter and half year ended September 30, 2026, in accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015.

Cupid Limited announced that its board of directors approved the conversion of up to 30,00,000 warrants into an equivalent number of Equity Shares of Baazar Style Retail Limited, at a predetermined price of Rs 328.25 per Equity Share. The conversion, which will occur in one or more tranches, is part of an initial investment of 1,01,00,000 warrants in Baazar Style made by Cupid Limited in January 2026, and will cost approximately Rs 73.86 crore. Cupid Limited stated that the strategic investment will strengthen its retail presence and expand consumer reach, leveraging Baazar Style’s network of over 283 stores to scale its FMCG product portfolio.

Cupid Limited announced that its board of directors has given in-principle approval to establish a manufacturing venture in South Africa with a South African partner to manufacture and supply male condoms and related products, with Cupid Limited proposing to hold up to 49% of the equity share capital.