Aditya Kumar Halwasiya, the Promoter and Chairman of Cupid Limited, has recently acquired 4,80,000 equity shares of the company.
This acquisition was made in compliance with the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
On March 30, 2026, Aditya Kumar Halwasiya increased his stake in Cupid Limited by acquiring 4,80,000 equity shares.
This acquisition was conducted through an open market purchase, as disclosed under Regulation 29(2) of SEBI regulations.
The shares acquired carry voting rights, and this transaction has resulted in a slight increase in Halwasiya's holding in the company.
Prior to the acquisition, Halwasiya held 44,24,45,475 shares, representing 32.90% of the total share capital. After the acquisition, his holding increased to 44,29,25,475 shares, which is 32.94% of the total share capital.
Following this acquisition, the total shareholding of the Promoter and Promoter Group in Cupid Limited now stands at 61,71,24,725 shares, which is 45.89% of the total share capital.
The acquisition has been duly reported to the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) as per regulatory requirements.
On March 31, 2026, Cupid Limited declared a record-breaking quarter, driven by significant growth across its key business segments.
The company reported surpassing its FY26 annual guidance of ₹335 crore in revenue and ₹100 crore in net profit. This achievement is attributed to strong execution, improved operating leverage, and sustained demand.
The company's robust performance is supported by several factors, including an adequate inventory of raw materials, ensuring no immediate challenges from crude-derived inputs.
Additionally, a favourable currency environment with steady USD-INR tailwinds has bolstered export realisations.
The acquisition was carried out in compliance with SEBI regulations, ensuring transparency and adherence to legal requirements.
The disclosure was made to both the BSE and NSE, with the necessary documentation submitted to the Department of Corporate Services.
As of April 1, 2026, at 9:30 AM, Cupid share price on NSE is trading at ₹85.18, a surge of 2.48% from the previous closing price.
The acquisition of 4,80,000 shares by Aditya Kumar Halwasiya signifies a strategic move to consolidate his position in Cupid Limited. This transaction reflects the ongoing commitment of the Promoter to the company's growth and development.
Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Apr 1, 2026, 10:47 AM IST
Team Angel One
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