Archive · 30 Dec 2025
Cupid Approved for FMCG Plant in Saudi Arabia
Cupid Ltd, a company that makes healthcare products, got permission from its board to build a new factory in Saudi Arabia.
This factory will help them sell more products in Saudi Arabia and nearby countries.
They will use their own money to build it and need more approvals before starting.
The company's shares went up a lot, reaching a new high.
Cupid also recently reduced the number of shares their leaders promised as security, showing they are confident in the company's future.
They also made a lot more money in the second quarter compared to last year.
Cupid Ltd's board approved setting up an FMCG manufacturing facility in Saudi Arabia.
The facility aims to strengthen Cupid's presence in Saudi and wider GCC markets.
The project will be funded through internal accruals and requires further regulatory approvals.
Cupid's shares hit an all-time high, up 4.31% to ₹507.50 on December 29.
The company's promoter group reduced the pledge on their equity shareholding to 20% from 36.13%.
- Who
- Cupid Ltd
- What
- Approval for setting up an FMCG manufacturing facility in Saudi Arabia
- When
- December 29
- Where
- Saudi Arabia
- Why
- To strengthen presence in Saudi and wider GCC markets, enhance regional supply capabilities, and improve market penetration
- Company
- Cupid Ltd
- Approval Date
- December 29
- Location
- Saudi Arabia
- Funding Source
- Internal accruals
- Market Focus
- GCC region
- Share Price Change
- ₹507.50 (up 4.31%)
- Promoter Pledge Reduction
- 20% (from 36.13%)
- Q2 Revenue Growth
- 90.8% YoY to ₹90.23 crore
