Cupid Ltd (CUPID) — Corporate Action | 26 September 2026

Cupid Limited announced on September 26, 2026, that its board approved the conversion of up to 30,00,000 warrants of Baazar Style Retail Limited into an equivalent number of equity shares at ₹328.25 per share, representing approximately ₹73.86 crores in cash consideration. This conversion is part of a larger investment in 1,01,00,000 warrants approved earlier, with 86,00,000 warrants currently outstanding. The move aims to strengthen Cupid’s retail presence by integrating Baazar Style’s network of over 283 stores, targeting expansion to 500 locations within three years. The transaction is non-related party, requires no regulatory approvals, and will be executed in one or more tranches over time.