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The board of directors will mull proposal for sub-division/split of equity shares and declaration of bonus shares.
Further, the company’s board will also consider fund raising by issuance of equity shares / convertible bonds / debentures / warrants / preference shares or any other equity linked securities through permissible modes including by way of a private placement, including through a preferential issue or qualified institutions placement of securities or any other method or mode as may be permitted under applicable laws.
Lastly, the board will also consider and approve unaudited financial results for the quarter ended 31 December 2023.
Cupid is one of the leading manufacturer & supplier of male condoms, female condoms, lubricant jelly and in vitro diagnostic test kits.
The company's consolidated net profit slipped 75.2% to Rs 2.36 crore on 22.5% decline in revenue from operations to Rs 36.22 crore in Q2 FY24 over Q2 FY23.
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