Cupid Limited announced a significant reduction in the pledge/encumbrance of its equity shares by its Promoter and Promoter Group. The pledged shareholding has decreased from 36.13% as of September 30, 2025, to 20% as of December 23, 2025. This reduction is attributed to the company's improving financial strength and the Promoters' confidence in its long-term growth. A lower level of pledged shares is expected to boost investor confidence and reflects the company's disciplined financial management. Mr. Aditya Kumar Halwasiya, Chairman and Managing Director of Cupid Limited, stated that the reduction reflects a strengthening balance sheet and sustained business momentum, reinforcing their commitment to financial prudence, transparency, and long-term shareholder value creation. Cupid Limited, established in 1993, is a manufacturer of male condoms, female condoms, personal lubricants, and IVD kits. The company has expanded its product offerings to include FMCG products and recently completed a strategic land acquisition in Palava, Maharashtra, in March 2024, to increase its production capacity for male and female condoms.