Cupid Limited — Others, 13-11-2024: Statement of deviation(s) or variation(s) under Reg. 32

Cupid Limited has submitted a Statement of Deviation and Variation for the quarter ended 30th September 2024, which was reviewed by the Audit Committee and acknowledged by the Board. There was no deviation or variation in the utilization of funds raised, which amounts to ₹385.22 crore. The funds are allocated for enhancing manufacturing capabilities and forming new foreign subsidiaries to optimize sales and distribution. This transparency may bolster investor confidence, suggesting a stable approach to utilizing raised capital while providing a positive outlook for future operational expansion.