Cupid Breweries And Distilleries Expands In West Bengal By Partnering With Bansal Udyog

Cupid Breweries and Distilleries Limited has announced a strategic expansion into the West Bengal market through a partnership agreement with Bansal Udyog Private Limited. The initiative represents a significant step in the company's growth strategy, targeting one of India's largest alcoholic beverage consumption markets.

Strategic Partnership Details

The company has executed an agreement with Bansal Udyog Private Limited to facilitate its entry into the West Bengal market. This arrangement will enable Cupid Breweries and Distilleries Limited to undertake seed marketing and test marketing activities in the region.

Partnership Aspect:	Details
Partner:	Bansal Udyog Private Limited
Target Market:	West Bengal
Market Position:	One of India's largest alco-beverage consumption markets
Activities:	Seed marketing and test marketing

Market Expansion Objectives

The West Bengal expansion initiative is designed to serve multiple strategic purposes for the company. The arrangement will allow Cupid Breweries and Distilleries Limited to generate revenue while simultaneously gaining valuable market intelligence.

Key objectives of the expansion include:

Understanding consumer demand patterns in the West Bengal market
Analyzing market trends and distribution dynamics
Building relationships within the local distribution ecosystem
Gaining insights into consumer preferences specific to the region

Strategic Benefits and Growth Alignment

The company expects this initiative to enhance its market reach and strengthen its presence in the West Bengal region. The expansion aligns with Cupid Breweries and Distilleries Limited's broader strategy of establishing a stronger foothold in high-consumption markets within the alcoholic beverages industry.

Strategic Element:	Expected Outcome
Market Reach:	Enhanced presence in West Bengal
Revenue Model:	Scalable and sustainable generation
Distribution:	Strengthened local ecosystem relationships
Consumer Insights:	Better understanding of regional preferences

The company believes this initiative will support its overall growth strategy and contribute towards building a scalable and sustainable revenue generation model in the West Bengal market. The expansion is positioned as part of the company's broader plans within the alcoholic beverages industry, focusing on markets with significant consumption potential.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+4.98%	+2.55%	-33.28%	-77.90%	-81.40%	-16.98%

Cupid Breweries and Distilleries Limited has filed a substantial acquisition disclosure under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure pertains to the acquisition of shares by Sri Venkata Rajeswara Rao Samavedam, who is not part of the promoter or promoter group.

Acquisition Details

The acquisition was executed through preferential allotment dated March 02, 2026. Samavedam acquired 1,05,71,277 equity shares, representing 11.57% of the company's total voting capital.

Parameter:	Before Acquisition	Shares Acquired	After Acquisition
Number of Shares:	10,591	1,05,71,277	1,05,81,868
Voting Rights (%):	0.02%	11.57%	11.58%
Diluted Capital (%):	0.02%	11.57%	11.58%

Share Capital Changes

The preferential allotment significantly expanded the company's equity base. The total equity share capital increased substantially following the allotment.

Capital Structure:	Details
Pre-Acquisition Capital:	₹ 51,98,30,020 (5,19,83,002 shares of ₹ 10 each)
Post-Acquisition Capital:	₹ 91,34,33,090 (9,13,43,309 shares of ₹ 10 each)
Total Diluted Capital:	₹ 91,34,33,090 (9,13,43,309 shares of ₹ 10 each)

Transaction Characteristics

The newly allotted equity shares rank pari-passu with existing shares in all respects, including dividend entitlements. The acquirer holds no encumbrances, warrants, or convertible securities in the company. The shares were acquired solely through the preferential allotment mechanism.

Regulatory Compliance

The disclosure was filed in accordance with Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Cupid Breweries and Distilleries Limited is listed on BSE Limited. The acquirer's PAN is ANXPS8009D, and the disclosure was digitally signed on March 04, 2026.