NSEGeneral Updates2d ago · 28 Aug 2026, 04:09 pm
General Updates
Cupid Limited · CUPID
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Cupid Limited has received in-principle approval for establishing a South African manufacturing venture with a local partner, aiming to manufacture and supply male condoms and related products.
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Earnings Impact2/10
Growth Catalyst6/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk2/10
Liquidity Impact5/10
Market Sentiment5/10
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Full Announcement
Cupid Limited has informed the Exchange about in-principle approval for the establishment of a South African manufacturing venture with a South African partner.
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CUPID_28082026160857_Disclosure_under_Reg_30_Inprincple_Approval.pdf
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Date: August 28, 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 (“SEBI Listing
Regulations”).
Dear Sir / Madam,
Pursuant to Regulation 30 read with Part A of Schedule III and other applicable provisions of the
SEBI Listing Regulations, we wish to inform you that the Board of Directors has accorded in-
principle approval for the establishment of a South African manufacturing venture with a South
African partner.
The proposed venture envisages establishment of a suitable entity in South Africa for manufacture
and supply of Male condoms and related products, considering the increasing emphasis in the
South African domestic market on domestic manufacturing, localisation and local value addition,
with Cupid Limited proposed to hold up to 49% of the equity share capital and providing its
technical and manufacturing expertise, know-how, technology-transfer support, quality-control
systems and training, while the required capital expenditure, working capital and operating
funding are proposed to be arranged by the South African partner.
The in-principle approval is subject to finalisation of definitive agreements and arrangements.
The disclosures required under the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015, read with SEBI Master Circular No. HO/49/14/14(7)2025-
CFDPOD2/I/3762/2026 dated January 30, 2026 (as amended from time to time), shall be made, as
and when material developments occur, at the appropriate stage upon finalisation of the definitive
agreements and, wherever applicable, upon incorporation of the entity and execution of such
definitive arrangements.
This intimation is also being uploaded on the Company’s website at
https://www.cupidlimited.com/
You are requested to take the aforesaid information on your records.
For Cupid Limited
Hardik Chandra
Company Secretary and Compliance Officer