Cupid Limited has decreased its promoter share pledge from 36.13% to 20%, signifying improved financial strength and increased promoter confidence.

Commenting on the development, Aditya Kumar Halwasiya, Chairman and Managing Director, Cupid Limited, said, “The reduction in promoter share pledge is a reflection of our strengthening balance sheet and sustained business momentum. It reinforces our commitment to maintaining financial prudence, transparency, and long-term value creation for our shareholders.”

The company, a manufacturer of condoms and FMCG products, exports to over 110 countries and has recently expanded its production capacity in Maharashtra. Cupid Limited is the first company globally to achieve WHO/UNFPA pre-qualification for both male and female condoms.