Cupid logo

Cupid MD, chairman, board of directors and AGM

NSE: CUPIDBSE: 530843Personal ProductsSmall Cap

Last close ₹306.45down ₹13.60 (4.25%)BSE ₹306.50

Share price at the NSE close on 23 Oct 2026. Previous close ₹320.05.

52-week range of traded prices to 23 Oct 2026
₹45.40Low, 24 Oct 2025₹368.95High, 12 Oct 2026
Market cap
₹41,207 Cr450th largest listed
P/E
300.4
P/B
91.4
Dividend yield
Nonein the last 12 months
ROE
34.6%
ROCE
30.9%
Debt to equity
0.11
Volume, NSE
1,92,47,93535.5% delivered

Cupid board of directors

At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • Chairperson and managing directorAditya Kumar Halwasiya
  • Company Secretary and Compliance OfficerMr. Hardik Chandra

8 directors6 independent2 executive

  • Aditya Kumar Halwasiya · Chairperson and managing directorExecutive · joined Oct 2023 · 35 months as independent · 3 listed boards · 2 committee seats
  • Ajay Kumar HalwasiyaExecutive · joined Jan 2024 · 32 months as independent · 1 listed board · 1 committee seat
  • Thallapaka Venkateswara RaoIndependent · joined Oct 2023 · 35 months as independent · 2 listed boards · 2 as independent · 10 committee seats
  • Rajinder Singh LoonaIndependent · joined Oct 2023 · 35 months as independent · 3 listed boards · 2 as independent · 5 committee seats, 2 as chair
  • Rajni MishraIndependent · joined Oct 2023 · 35 months as independent · 5 listed boards · 5 as independent · 7 committee seats, 3 as chair
  • Akshay KumarIndependent · joined Dec 2024 · 21 months as independent · 1 listed board · 1 as independent
  • Bontha Prasada RaoIndependent · joined Feb 2026 · 7 months as independent · 4 listed boards · 4 as independent · 6 committee seats, 1 as chair
  • Keral Prasad YadawIndependent · joined Aug 2026 · 1 month as independent · 1 listed board · 1 as independent

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

4 directors who left
  • Smeeta Bhatkal, left 2 Mar 2026: Others
  • Santosh Desai, left 3 Feb 2026: Others
  • Shaina Chudasama, left 27 Jan 2026: Others
  • Kuldeep Halwasiya, left 20 Jan 2025: Others

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 7 Aug 20267 of 7 present5 independent · 83 days in between
    • 15 May 20267 of 7 present5 independent

  • Audit Committee

    Chair Rajni Mishra

    Thallapaka Venkateswara Rao, Bontha Prasada Rao

    • 7 Aug 20263 of 3 present3 independent · 83 days in between
    • 15 May 20263 of 3 present3 independent · no day in between

  • Nomination and remuneration committee

    Chair Rajinder Singh Loona

    Thallapaka Venkateswara Rao, Rajni Mishra

    • 14 May 20263 of 3 present3 independent

  • Stakeholders Relationship Committee

    Chair Rajinder Singh Loona

    Aditya Kumar Halwasiya, Ajay Kumar Halwasiya

    No meeting listed in the filing.

  • Risk Management Committee

    Chair Akshay Kumar

    Ajay Kumar Halwasiya, Aditya Kumar Halwasiya

    No meeting listed in the filing.

  • Corporate Social Responsibility Committee

    Chair Aditya Kumar Halwasiya

    Ajay Kumar Halwasiya, Akshay Kumar

    No meeting listed in the filing.

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • Chaturvedi Sohan & Co.Peer-review certificate valid to Aug 2027
1 earlier auditor
  • Chaturvedi Sohan and Co.Named in the filing for the quarter to Mar 2025

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Cupid AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Cupid dividend history

Annual general meeting, 22 Sep 2026

4,88,654 shareholders on the register on 15 Sep 2026; present: 1 promoter and 126 others; votes counted by Mr. Shailesh Kachalia / Individual Practicing Company Secretary.The company's voting result (opens in a new tab)

  1. To consider and adopt the Audited Standalone Financial Statements for the year ended March 31, 2026, and the reports of the Board of Directors and Auditors thereon:
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.12%

    Turnout: all 47.48% · promoters 100.00% · institutions 7.14% · other public 0.43%

  2. To consider and adopt the Audited Consolidated Financial Statements for the year ended March 31, 2026 and the report of the Auditors thereon:
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.12%

    Turnout: all 47.48% · promoters 100.00% · institutions 7.14% · other public 0.43%

  3. To appoint a Director in place of Mr. Aditya Kumar Halwasiya (DIN: 08200117), who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 3.97% · other public 0.14%

    Turnout: all 47.48% · promoters 100.00% · institutions 7.14% · other public 0.43%

  4. To ratify Remuneration payable to Cost Auditors for the Financial Year 2026-27.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.13%

    Turnout: all 47.48% · promoters 100.00% · institutions 7.14% · other public 0.43%

  5. Continuation of Mr. Thallapaka Venkateswara Rao (DIN: 05273533) as an Independent Director of the Company who will attain the age of 75 years.
    Special
    99.85% for0.15% against

    Against: promoters 0.00% · institutions 15.43% · other public 1.56%

    Turnout: all 47.48% · promoters 100.00% · institutions 7.14% · other public 0.43%

  6. Appointment of Shri Keral Prasad Yadaw (DIN: 11894095) as an Independent Director of the Company.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.88%

    Turnout: all 47.48% · promoters 100.00% · institutions 7.14% · other public 0.43%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 20 May 2026, 1 resolution

2,11,516 shareholders on the register on 17 Apr 2026; votes counted by Mr. Shailesh Kachalia / Individual Practicing Company Secretary.The company's voting result (opens in a new tab)

  1. Appointment of Mr. Bontha Prasada Rao (DIN No – 01705080) as an Independent Director of the Company
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.38%

    Turnout: all 46.64% · promoters 99.71% · institutions 31.57% · other public 0.30%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Extraordinary general meeting, 24 Feb 2026, 5 resolutions

1,71,896 shareholders on the register on 17 Feb 2026; present: 1 promoter and 88 others; votes counted by Mr. Shailesh Kachalia / Individual Practicing Company Secretary.The company's voting result (opens in a new tab)

  1. Increase in threshold of loans / guarantees, providing of securities and making of investments in securities under section 186 of the Companies Act, 2013.
    Special
    99.48% for0.52% against

    Against: promoters 0.00% · institutions 54.35% · other public 0.04%

    Turnout: all 47.36% · promoters 99.51% · institutions 34.36% · other public 2.25%

  2. Increase in Authorised Capital and the Alteration of Capital Clause in Memorandum of Association of the company.
    Ordinary
    99.56% for0.44% against

    Against: promoters 0.00% · institutions 45.62% · other public 0.00%

    Turnout: all 47.36% · promoters 99.51% · institutions 34.36% · other public 2.25%

  3. Issue of Bonus Shares.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 47.36% · promoters 99.51% · institutions 34.36% · other public 2.26%

  4. Continuation of Directorship of Mr. Rajinder Singh Loona (DIN: 02305074) as a Non-Executive Independent Director of the Company post attaining the age of 75 years.
    Special
    99.69% for0.31% against

    Against: promoters 0.00% · institutions 32.43% · other public 0.01%

    Turnout: all 47.36% · promoters 99.51% · institutions 34.36% · other public 2.25%

  5. To seek approval under Section 180(1)(a) of the Companies Act, 2013 inter alia for creation of mortgage or charge on the assets, properties or undertaking(s) of the Company.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 47.36% · promoters 99.51% · institutions 34.36% · other public 2.25%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 26 Sep 2025, 4 resolutions

97,967 shareholders on the register on 19 Sep 2025; present: 1 promoter and 54 others; votes counted by Mr. Shailesh Kachalia / Individual Practicing Company Secretary.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Standalone Financial Statements of the company (including Consolidated Financial Statements) for the financial year ended 31st March, 2025 together with the Report of the Board of Directors and the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.25%

    Turnout: all 31.30% · promoters 70.52% · institutions 7.63% · other public 0.10%

  2. To appoint a Director in place of Mr. Ajay Kumar Halwasiya (DIN: 05172221), who retires by rotation and being eligible, offers himself for reappointment.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.30%

    Turnout: all 31.30% · promoters 70.52% · institutions 7.63% · other public 0.10%

  3. To ratify Remuneration payable to Cost Auditors for the Financial Year 2025-26.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.78%

    Turnout: all 31.30% · promoters 70.52% · institutions 7.63% · other public 0.10%

  4. To appoint M/s. SKJP & Associates, Practicing Company Secretaries, as Secretarial Auditors of the Company.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.30%

    Turnout: all 31.30% · promoters 70.52% · institutions 7.63% · other public 0.10%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 12 Mar 2025, 5 resolutions

1,28,309 shareholders on the register on 7 Feb 2025; votes counted by Mr. Shailesh Kachalia / Individual Practicing Company Secretary.The company's voting result (opens in a new tab)

  1. Appointment of Mr. Santosh Desai (DIN No – 01237902) as an Independent Director of the Company.
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 64.99% · promoters 69.46% · institutions 3.30% · other public 64.87%

  2. Appointment of Mr. Akshay Kumar (DIN No – 09191862) as an Independent Director of the Company.
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 64.99% · promoters 69.46% · institutions 3.30% · other public 64.87%

  3. Appointment of Ms. Smeeta Bhatkal (DIN No – 07363916) as an Independent Director of the Company.
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 64.99% · promoters 69.46% · institutions 3.30% · other public 64.87%

  4. Appointment of Ms. Shaina Narendrasingh Chudasama (DIN No – 02933918) as a Non-Executive Director (Non-Independent) of the Company.
    Ordinary
    99.89% for0.11% against

    Against: promoters 0.00% · institutions 62.21% · other public 0.02%

    Turnout: all 64.99% · promoters 69.46% · institutions 3.30% · other public 64.87%

  5. Payment of Commission to Non-Executive Directors based on Net Profits of the Company.
    Special
    99.83% for0.17% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.04%

    Turnout: all 64.99% · promoters 69.46% · institutions 3.30% · other public 64.87%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 28 Sep 2024, 3 resolutions

Present: 5 promoters and 55 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Financial Statements of the company for the financial year ended 31st March, 2024 together with the Report of the Directors and the Auditors thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.57%

    Turnout: all 45.77% · promoters 100.00% · institutions 2.48% · other public 0.15%

  2. To appoint a Director in place of Mr. Aditya Kumar Halwasiya (DIN: 08200117), who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 6.17%

    Turnout: all 45.77% · promoters 100.00% · institutions 2.48% · other public 0.15%

  3. Revision in remuneration of Mr. Aditya Kumar Halwasiya, Managing Director of the Company.
    Special
    99.78% for0.22% against

    Against: promoters 0.00% · institutions 100.00% · other public 21.68%

    Turnout: all 45.77% · promoters 100.00% · institutions 2.48% · other public 0.15%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Extraordinary general meeting, 21 Feb 2024, 6 resolutions

Present: 5 promoters and 49 others.The company's voting result (opens in a new tab)

  1. Appointment of Mr. Ajay Halwasiya (DIN: 05172221) as an Executive Director of the Company.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 44.95% · promoters 100.00% · institutions 0.00% · other public 0.30%

  2. Increase in Authorised Capital and the Alteration of Capital Clause in Memorandum of Association of the company.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 44.95% · promoters 100.00% · institutions 0.00% · other public 0.30%

  3. Issue of Convertible Warrants on a Preferential basis
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 44.95% · promoters 100.00% · institutions 0.00% · other public 0.30%

  4. Sub-Division / Split of Equity Shares of the Company.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.81%

    Turnout: all 44.95% · promoters 100.00% · institutions 0.00% · other public 0.30%

  5. Issue of Bonus Shares.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.81%

    Turnout: all 44.95% · promoters 100.00% · institutions 0.00% · other public 0.30%

  6. Increase in Borrowing Powers of the Board of Directors pursuant to Section 180 (1) (C) of the Companies Act, 2013.
    Special
    99.80% for0.20% against

    Against: promoters 0.00% · institutions 0.00% · other public 60.22%

    Turnout: all 44.95% · promoters 100.00% · institutions 0.00% · other public 0.30%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 17 Jan 2024, 5 resolutions

The company's voting result (opens in a new tab)

  1. Appointment of Mr. Thallapaka Venkateswara Rao (DIN: 05273533) as an Independent Director of the Company.
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.97%

    Turnout: all 45.19% · promoters 100.00% · institutions 0.00% · other public 0.24%

  2. Appointment of Mrs. Rajni Mishra (DIN: 08386001) as an Independent Director of the Company.
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.05%

    Turnout: all 45.19% · promoters 100.00% · institutions 0.00% · other public 0.24%

  3. Appointment of Mr. Rajinder Singh Loona (DIN: 02305074) as an Independent Director of the Company.
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.04%

    Turnout: all 45.19% · promoters 100.00% · institutions 0.00% · other public 0.24%

  4. Appointment of Mr. Kuldeep Halwasiya (DIN: 00284972) as an Executive Director and Chairman of the Company.
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.05%

    Turnout: all 45.19% · promoters 100.00% · institutions 0.00% · other public 0.24%

  5. Appointment of Mr. Aditya Halwasiya (DIN: 08200117) as Managing Director of the Company.
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.08%

    Turnout: all 45.19% · promoters 100.00% · institutions 0.00% · other public 0.24%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

How mutual funds voted

Fund houses must disclose how they vote at every meeting of a company they hold.Funds that hold it

Mutual fund votes, meeting of 22 Sep 2026, 1 fund house so far (houses' deadline to file 15 Oct 2026)

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • To consider and adopt the Audited Standalone Financial Statements for the year ended March 31, 2026, and the reports of the Board of Directors and Auditors thereon:
    1 for0 against
  • To consider and adopt the Audited Consolidated Financial Statements for the year ended March 31, 2026 and the report of the Auditors thereon:
    1 for0 against
  • To appoint a Director in place of Mr. Aditya Kumar Halwasiya (DIN: 08200117), who retires by rotation and being eligible, offers himself for re-appointment.
    1 for0 against
  • Continuation of Mr. Thallapaka Venkateswara Rao (DIN: 05273533) as an Independent Director of the Company who will attain the age of 75 years.
    1 for0 against
  • Appointment of Shri Keral Prasad Yadaw (DIN: 11894095) as an Independent Director of the Company.
    1 for0 against
1 proposal not matched to one resolution
  • Ratification of remuneration up to Rs. 1,50,000/- (plus applicable taxes and reimbursement of out of pocket expenses incurred in connection with the audit) to be paid to M/s KPMSS and Associates, Cost Accountants, (Firm Registration Number: 005229) to conduct the audit of the cost records of the Company under the Companies (Cost Records and Audit) Rules, 2014 [including any statutory modification(s) or re-enactment(s) thereof for the time being in force] for the Financial Year 2026-27.MoreLess
    1 for0 against

Mutual fund votes, meeting of 20 May 2026, 5 fund houses

  • Appointment of Mr. Bontha Prasada Rao (DIN No – 01705080) as an Independent Director of the Company
    5 for0 against
1 earlier meeting

Mutual fund votes, meeting of 24 Feb 2026, 1 fund house

Each resolution counts the houses whose vote was matched to it; the rest are listed last.

  • Increase in Authorised Capital and the Alteration of Capital Clause in Memorandum of Association of the company.
    1 for0 against
  • Issue of Bonus Shares.
    1 for0 against
  • Continuation of Directorship of Mr. Rajinder Singh Loona (DIN: 02305074) as a Non-Executive Independent Director of the Company post attaining the age of 75 years.
    1 for0 against
  • To seek approval under Section 180(1)(a) of the Companies Act, 2013 inter alia for creation of mortgage or charge on the assets, properties or undertaking(s) of the Company.
    1 for0 against
1 proposal not matched to one resolution
  • To (a) give any loan to any person or other body corporate, (b) give any guarantee or provide security in connection with a loan to any other body corporate or person, and (c) acquire by way of subscription, purchase or otherwise, the securities of any other body corporate from time to time in one or more tranches as deem beneficial and in the interest of the Company, for an amount not exceeding Rs. 350 Crores, over and above the limit of 60% of the paid-up share capital, free reserves and securities premium account of the Company or 100% of free reserves and securities premium account of the Company, whichever is more, outstanding at any given point of time, as prescribed under Section 186 of the Act.MoreLess
    1 for0 against

Each fund house counted once, from its own disclosure; the reasons are its own words.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

At most 1 complaint open, quarter to Dec 2024.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
Yes
The chair is related to the managing director
Yes
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
No
There was a cyber security incident in the quarter
No

The company's own answers in its filing.

How money raised was used

Reported for the quarter to Sep 2025. The company's results filing for the quarter to Jun 2026 says no statement of how money raised was used applies to it. A preferential issue sells new shares to chosen investors rather than to the public. A warrant or partly paid issue plans the whole issue while the money comes in over time, so the amount set aside can be more than raised so far.

RaisedAmount raisedForSet asideSpentSpent elsewhereReason and comments
Preferential IssuesMar 2024, checked by Crisil Ratings Limited385.22Enhancement of capacities and certifications in the company's existing manufacturing facility35.0019.83No
Audit committee: Remaining issue proceeds worth Rs. 288.92 Crores (75% of the warrants issue) will not be received as warrant holders to whom 22,00,000 warrants of face value of Rs. 10/- each (4,40,00,000 warrants after adjusting the corporate action of sub-division of face value of shares from Rs. 10/- per share to Re. 1/- per share and issue of bonus shares in the ratio of 1:1) was allotted did not exercise the conversion option within 18 months from the date of the allotment, i.e. on or before September 13, 2025, and hence the 25% amount (Rs. 96.30 Crores) received on the said convertible warrants stands forfeited as per provisions of Regulation 169(3) of Chapter V of SEBI (ICDR) Regulations, 2018.MoreLess
Preferential IssuesMar 2024, checked by Crisil Ratings Limited385.22Strategic foreign Acquisitions and/or Joint Ventures245.000.00No
Audit committee: Remaining issue proceeds worth Rs. 288.92 Crores (75% of the warrants issue) will not be received as warrant holders to whom 22,00,000 warrants of face value of Rs. 10/- each (4,40,00,000 warrants after adjusting the corporate action of sub-division of face value of shares from Rs. 10/- per share to Re. 1/- per share and issue of bonus shares in the ratio of 1:1) was allotted did not exercise the conversion option within 18 months from the date of the allotment, i.e. on or before September 13, 2025, and hence the 25% amount (Rs. 96.30 Crores) received on the said convertible warrants stands forfeited as per provisions of Regulation 169(3) of Chapter V of SEBI (ICDR) Regulations, 2018.MoreLess
Preferential IssuesMar 2024, checked by Crisil Ratings Limited385.22Formation of new foreign subsidiaries to streamline sales, marketing and distribution of the company's products abroad8.820.00No
Audit committee: Remaining issue proceeds worth Rs. 288.92 Crores (75% of the warrants issue) will not be received as warrant holders to whom 22,00,000 warrants of face value of Rs. 10/- each (4,40,00,000 warrants after adjusting the corporate action of sub-division of face value of shares from Rs. 10/- per share to Re. 1/- per share and issue of bonus shares in the ratio of 1:1) was allotted did not exercise the conversion option within 18 months from the date of the allotment, i.e. on or before September 13, 2025, and hence the 25% amount (Rs. 96.30 Crores) received on the said convertible warrants stands forfeited as per provisions of Regulation 169(3) of Chapter V of SEBI (ICDR) Regulations, 2018.MoreLess
Preferential IssuesMar 2024, checked by Crisil Ratings Limited385.22Working capital requirements57.7857.78No
Audit committee: Remaining issue proceeds worth Rs. 288.92 Crores (75% of the warrants issue) will not be received as warrant holders to whom 22,00,000 warrants of face value of Rs. 10/- each (4,40,00,000 warrants after adjusting the corporate action of sub-division of face value of shares from Rs. 10/- per share to Re. 1/- per share and issue of bonus shares in the ratio of 1:1) was allotted did not exercise the conversion option within 18 months from the date of the allotment, i.e. on or before September 13, 2025, and hence the 25% amount (Rs. 96.30 Crores) received on the said convertible warrants stands forfeited as per provisions of Regulation 169(3) of Chapter V of SEBI (ICDR) Regulations, 2018.MoreLess
Preferential IssuesMar 2024, checked by Crisil Ratings Limited385.22General corporate purpose38.6218.69No
Audit committee: Remaining issue proceeds worth Rs. 288.92 Crores (75% of the warrants issue) will not be received as warrant holders to whom 22,00,000 warrants of face value of Rs. 10/- each (4,40,00,000 warrants after adjusting the corporate action of sub-division of face value of shares from Rs. 10/- per share to Re. 1/- per share and issue of bonus shares in the ratio of 1:1) was allotted did not exercise the conversion option within 18 months from the date of the allotment, i.e. on or before September 13, 2025, and hence the 25% amount (Rs. 96.30 Crores) received on the said convertible warrants stands forfeited as per provisions of Regulation 169(3) of Chapter V of SEBI (ICDR) Regulations, 2018.MoreLess
₹ crore. Checked by is the agency appointed to monitor how the money is used. The reason and the comments are the company's, its audit committee's and its auditors' own words.