Cupid Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Mar 2021

1. The above financial results were reviewed by the Audit Committee and have been approved by the Board of Director at its meeting held on 3rd June, 2021. The statutory auditors have expressed an unqualified review opinion.

2. Financial results for all the periods presented have been prepared in accordance with the recognition and measurement principle of lnd AS notified under the Companies (Indian Accounting Standard) Rules, 2015 as amended from time to time.

3.The Company is operating all it's manufacturing facilities within the guidelines framed by the respective state governments. In preparation of these results, the company has considered the possible effects that may result due to COVID-19 such as recoverability of assets including inventories and trade receivables. In developing the assumptions relating to future uncertainties in the economic conditions due to COVID-19, it has used relevant internal and external sources of information including economic forecasts and expects that the carrying amounts of these assets are recoverable. However, the actual impact of COVID-19 may differ from that estimated as at the date of approval of these financial results. It will continue to closely monitor the developments.

4.As per IND – AS 108, the company mainly deals in single segment i.e Male and Female rubber contraceptives. Lubricant Jelly and Diagnostic Medical Devices, which has not significantly contributed to the total revenue for the period under review; hence no separate Segment is reported.

5.The board of directors have recommended final dividend of Rs. 3.50/- per equity sharefor the year ended 31st March, 2021 at their meeting held on 3rd June, 2021 (subject to approval of shareholders in ensuing AGM).

In addition to the above, the board on 5th November, 2020 declared an interim dividend of Re.1/- per equity share. Therefore total dividend for the financial year ended 31st March, 2021 amounts to Rs.4.50/- per equity share.

6. The figures for three months ended 31st March, 2021 and 31st March, 2020 are arrived at difference between audited figures in respect of full financial year and published figure upto nine months of relevant financial year.

7. The previous period / year financial figures have been regrouped / rearranged wherever necessary to make them comparable.

8. The results of the company are available for investors at https://www.cupidlimited.com/, https://www.nseindia.com/ and https://www.bseindia.com/