Cupid Limited — Capital/Financing Update 2025

Feb 12, 2025

SAURABH Digitally signed by SAURABH VISHWAS VISHWAS KARMASE Date: 2025.02.12 KARMASE 19:16:23 +05'30'

==> picture [450 x 39] intentionally omitted <==

==> picture [51 x 51] intentionally omitted <==

Orders of Female Condoms for INR 13.90 Crores from Brazil, South Africa and Angola received by Cupid Limited

Mumbai, February 12, 2025 : Cupid Limited, India's premier manufacturer and brand of male and female condoms, water based personal lubricants, IVD kits, deodorants, perfumes, almond hair oil, body oils, petroleum jelly and other FMCG Products has received orders for its proprietary female condoms totalling INR 13.90 crores from Brazil, South Africa and Angola.

Cupid will complete these orders by Q1 FY26.

Aditya Kumar Halwasiya, Managing Director, Cupid Limited said, “We are well positioned to keep adding to our female condoms orders which are an especially value accretive portion of the overall Cupid business.”

About the Company:

Established in 1993, CUPID Limited is India's premier manufacturer of male and female condoms, water based lubricant jelly, and IVD kits. The company boasts a production capacity of up to 480 million male condoms, 52 million female condoms, 210 million sachets of lubricant jelly and 30 million IVD Test Kits annually. The company has recently launched its line of CUPID Deodorants, Pocket Perfumes and Toilet Sanitizers.

In March 2024, the company completed a strategic land acquisition in Palava, Maharashtra, enabling it to amplify its production capacity by 1.5 times the existing output. As a result, the annual production capacity will be augmented by approximately 770 million male condoms and 75 million female condoms.

The company has a prominent presence in international markets and is the first company in the world to attain WHO/UNFPA pre-qualification for male and female condoms. CUPID currently exports its products to over 105 countries, with over 90% of its revenue generated from international markets. Furthermore, CUPID has established a long-term agreement with WHO/UNFPA. The company is listed on BSE (BSE: 530843) and NSE (NSE: CUPID).

For more information, please contact:

Ms. Bosky Christopher Intellect PR Email: bosky@intellectpr.com M: 9820038229