Cupid Limited has filed a regulatory disclosure pursuant to Regulation 30 of SEBI Listing Regulations regarding an update on its acquisition activity.
The disclosure references the company's earlier communication dated September 26, 2026, in which the Board of Directors approved the conversion of up to 30,00,000 warrants of Baazar Style Retail Limited ("Baazar Style") into an equivalent number of equity shares.
The company has now completed the conversion of the full 30,00,000 warrants into equity shares of Baazar Style. The conversion was executed at the predetermined price of ₹328.25 per equity share.
Following this conversion, the warrant holding status is as follows:
- Total warrants originally allotted to the company: 1,01,00,000
- Total warrants converted into equity shares to date: 45,00,000
- Total warrants outstanding for future conversion: 56,00,000
The intimation has been uploaded to the company's website at https://www.cupidlimited.com/.
The disclosure was signed by Hardik Meghji Chandra, Company Secretary and Compliance Officer, on October 15, 2026.