Business News | Aditya Kumar Halwasiya Strengthens His Stake in Cupid Limited, Reaffirming Strong Promoter Confidence in the Company's Long-term Growth
Get latest articles and stories on Business at LatestLY. Mumbai (Maharashtra) [India], February 9: Cupid Limited (Cupid, The Company), Mr. Aditya Kumar Halwasiya, Chairman and Managing Director of Cupid Limited, has increased his equity stake in the company through a market purchase of 6,46,513 shares on 5 February 2026. The acquisition represents 0.24 percent of the company's total equity.
PNN
Mumbai (Maharashtra) [India], February 9: Cupid Limited (Cupid, The Company), Mr. Aditya Kumar Halwasiya, Chairman and Managing Director of Cupid Limited, has increased his equity stake in the company through a market purchase of 6,46,513 shares on 5 February 2026. The acquisition represents 0.24 percent of the company's total equity.
Following this transaction, Mr. Halwasiya's personal shareholding in Cupid Limited has increased to 32.82 percent. Consequently, the aggregate shareholding of the promoter and promoter group now stands at 45.80 percent.
This strategic increase in shareholding reflects the promoter's continued confidence in the company's long-term strategy, business fundamentals, and growth potential. The purchase of additional shares from the open market demonstrates a strong commitment to the company's future and reinforces belief in its ability to deliver sustained value over the long term.
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About The Company
Established in 1993, CUPID Limited, India's premier manufacturer and brand of male and female condoms, water based personal lubricants, IVD kits, deodorants, perfumes, almond hair oil, body oils, petroleum jelly and other FMCG Products. The company operates with a strong commitment to public health and well-being, maintaining ethical business practices aligned with international standards.
In alignment with its strategic growth plans, the company has recently expanded its product offerings to include Fast-Moving Consumer Goods (FMCG) such as fragrance products (Eau De Perfumes, Deodorants, Pocket Perfumes), personal care items (Toilet Sanitizers, Hair & Body Oils, Hair Removal Sprays, Face Wash), and other wellness solutions.
In March 2024, the company completed a strategic land acquisition in Palava, Maharashtra, enabling it to amplify its production capacity. As a result, the annual production capacity will be augmented by approximately 770 million male condoms and 75 million female condoms.
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