NSEAcquisition5d ago · 15 Oct 2026, 06:58 pm
Acquisition
Cupid Limited · CUPID
✦ AI Summaryacquisition
Cupid Limited has completed the conversion of 30,00,000 warrants into equivalent number of equity shares of Baazar Style Retail Limited at ₹328.25 per equity share.
Analysis Scores
Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact8/10
Market Sentiment5/10
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Full Announcement
Cupid Limited has informed the Exchange about Update on Acquisition
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CUPID_15102026185754_SE_Intimation_Conversion_of_Warrants-_Update_on_Acquistion.pdf
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Date: October 15, 2026
BSE Limited, The National Stock Exchange of India Ltd,
Phiroze Jeejeebhoy Towers, “Exchange Plaza”, 5th Floor,
Dalai Street, Bandra - Kurla Complex, Bandra (East),
Mumbai - 400 001 Mumbai - 400051
Scrip Code: 530843 Symbol: CUPID
Subject: Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing
Obligations and Disclosure Requirements) Regulations, 2015 – Update on Acquisition
Dear Sir / Ma’am,
With reference to the Company’s earlier disclosure dated September 26, 2026 regarding the approval
of the Board of Directors for conversion of up to 30,00,000 Warrants of Baazar Style Retail Limited
(“Baazar Style”) into an equivalent number of Equity Shares, in one or more tranches and pursuant to
Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as
amended from time to time (“SEBI Listing Regulations”), we hereby inform you that the Company has
completed the conversion of 30,00,000 Warrants into equivalent number of Equity Shares of Baazar
Style at the predetermined price of ₹328.25 per Equity Share.
Consequent to the aforesaid conversion, the details of the Warrants allotted to the Company and the
conversion thereof are set out below:
Particulars No. of Warrants
Total Warrants Allotted 1,01,00,000
Total Warrants converted into Equity Shares 45,00,000
Total Warrants Outstanding for Conversion 56,00,000
This intimation is also being uploaded on the Company’s website at https://www.cupidlimited.com/
This is for your information and records.
Thanking you.
For Cupid Limited
Hardik Chandra
Company Secretary and Compliance Officer