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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.

Cupid Limited announced the appointment of Shri Keral Prasad Yadaw (DIN: 11894095) as an additional non-executive independent director, effective August 17, 2026, for a term of five years subject to shareholder approval, according to a regulatory filing. The appointment was approved by the company`s board via circular resolution and will be included as an agenda item at the company’s 33rd Annual General Meeting.

Net profit of Cupid rose 194.14% to Rs 44.15 crore in the quarter ended June 2026 as against Rs 15.01 crore during the previous quarter ended June 2025. Sales rose 158.73% to Rs 154.72 crore in the quarter ended June 2026 as against Rs 59.80 crore during the previous quarter ended June 2025. ParticularsQuarter EndedJun. 2026Jun. 2025% Var. Sales154.7259.80 159 OPM %38.8227.56 - PBDT61.2120.79 194 PBT59.9219.55 206 NP44.1515.01 194 Powered by Capital Market - Live News

Cupid will hold a meeting of the Board of Directors of the Company on 7 August 2026.