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