Cupid Ltd

Cupid Ltd’s Capacity Expansion & Fund Utilization Update 📊

- ₹19.83 crore allocated for capacity enhancement.

- Preferential issue size: ₹385.22 crore, with ₹96.30 crore received and fully utilized by Sept 30, 2025.

- Remaining ₹288.92 crore (75% of issue) not received due to unexercised warrant conversions.

- Proceeds used as planned: ₹57.78 crore for working capital, ₹18.69 crore for general corporate purposes.

- No material deviations, delays, or unfavorable events reported.

- Report prepared by Crisil Ratings Limited, with standard disclaimer on accuracy.