Cupid Limited has submitted the Exchange a copy Srutinizers report of Extraordinary General Meeting held on February 24, 2026. Further, the company has informed the Exchange regarding voting results.
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Cupid Limited held an Extraordinary General Meeting (EGM) on February 24, 2026, where shareholders approved all 5 resolutions with overwhelming majority. The key resolution was the approval of Bonus Shares, which passed with 99.9996% votes in favour (only 511 votes against out of 12.73 crore polled). Shareholders also approved an increase in Authorised Capital (99.56% in favour), an increase in the threshold for loans, guarantees and investments under Section 186 (99.48% in favour), continuation of Independent Director Mr. Rajinder Singh Loona beyond age 75 (99.69% in favour), and creation of mortgage or charge on company assets under Section 180(1)(a) (99.9993% in favour). The promoter group voted unanimously in favour of all resolutions. Total valid votes polled stood at approximately 12.73 crore, representing 47.35% of outstanding shares.
The approval of Bonus Shares is the most significant outcome for shareholders, as it signals management's confidence and typically leads to increased liquidity and retail interest in the stock. The increase in authorised capital and the higher threshold for loans/investments give the company greater financial flexibility for future growth or acquisitions, which can be positive for long-term investors.