Cupid Limited has informed the Exchange regarding Proceedings of Extraordinary General Meeting held on February 24, 2026
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Cupid Limited held an Extraordinary General Meeting on February 24, 2026, via video conferencing, where shareholders considered five special resolutions. These include increasing the threshold for loans, guarantees and investments under Section 186 of the Companies Act, hiking the authorised share capital with a corresponding change to the Memorandum of Association, issuing bonus shares, continuing Mr. Rajinder Singh Loona as a Non-Executive Independent Director beyond age 75, and seeking approval under Section 180(1)(a) to create mortgages or charges on company assets. Remote e-voting was open from February 21 to February 23, 2026. The company has stated that the actual voting results (whether resolutions were passed) will be filed separately.
Shareholders should wait for the voting results to confirm whether the bonus share issue and authorised capital increase have been approved, as these could meaningfully affect shareholding patterns. The bonus shares proposal, if approved, would be the most stock-positive item here, while the Section 180 and Section 186 approvals are routine housekeeping for future borrowing or investment flexibility.