Cupid Limited's board has approved the establishment of a new FMCG manufacturing facility in Saudi Arabia, aiming to boost its expansion strategy and regional supply capabilities. The project, to be funded by internal accruals, is subject to further evaluations and approvals. This development follows Cupid's announcement of reduced pledged shareholding and a significant jump in Q2FY26 net profit. The company, a manufacturer of condoms and lubricant jelly, has substantial production capacities.