Cupid Breweries and Distilleries Limited has announced its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The Board of Directors, at its meeting held on May 18, 2026, approved the results along with the audit report. The consolidated results are being reported for the first time, with the group comprising the holding company and five subsidiaries and step-down subsidiaries.

Financial Performance

For the year ended March 31, 2026, the company reported a consolidated net loss of ₹367.14 lakh on total income from operations of ₹0.20 lakh. On a standalone basis, the net loss for the year stood at ₹40.52 lakh, an improvement from a net loss of ₹50.29 lakh in the previous year. Standalone total income from operations was ₹0.20 lakh compared to ₹88.19 lakh in the prior year. The paid-up equity share capital increased significantly to ₹9,134.33 lakh as of March 31, 2026, from ₹96.00 lakh in the previous year, following a preferential allotment of equity shares.

The following table summarises the audited consolidated financial results for the year ended March 31, 2026 (₹ in lacs):

Note: The company is adopting year-ended consolidated financials for the first time; hence, comparisons for the previous year are not provided.

The standalone financial results for the year ended March 31, 2026 are presented below (₹ in lacs):

Balance Sheet Highlights

On a consolidated basis, total assets stood at ₹73,623.72 lakh as at March 31, 2026, comprising non-current assets of ₹69,448.27 lakh and current assets of ₹4,175.45 lakh. Total equity was ₹69,061.31 lakh, with equity share capital of ₹9,452.42 lakh and other equity of ₹59,608.89 lakh. Total non-current liabilities were ₹2,449.78 lakh and current liabilities were ₹2,112.63 lakh. On a standalone basis, total assets were ₹66,791.06 lakh, with total equity of ₹65,827.22 lakh.

Strategic Expansion and Acquisitions

The Board has approved the proposed acquisition of a running alco-beverage production unit situated at Gopalpur, Odisha, from United Spirits Limited. The key details of this proposed acquisition are as follows:

Furthermore, the company is exploring potential opportunities to acquire additional running manufacturing units across various states in India. The Board reviewed the progress of the Group's alco-beverage expansion strategy, noting that aggregate annual production capacities under development include approximately 8.40 million cases of IMFL/IML, 1.50 million cases of Beer, and 1.09 million litres of Craft/Micro Brewery capacities. Multiple projects are at advanced stages of operational readiness, and the management continues to engage in discussions with prospective strategic investors and business participants. The Board also approved the monetisation of surplus land parcels available with certain acquired group companies through leasing and sub-leasing arrangements, with proceeds to be utilised towards operational and business requirements of various manufacturing units.

Additionally, the company is exploring further business and marketing opportunities in the State of West Bengal pursuant to an earlier marketing arrangement entered into with Bansal Udyog Private Limited, under which marketing revenue was generated but could not be realised or accounted in the books due to changes in the government regime and policy environment. The company is also evaluating the execution of franchise and other business arrangements arising from the changed government regime.

Corporate Governance Updates

In compliance with regulatory requirements, the Board approved the discontinuance of M/s. Bhumika & Co. as the Secretarial Auditor due to shareholding exceeding permissible limits as prescribed under the relevant SEBI circular. Ms. Neha Poddar, a Peer Reviewed Practicing Company Secretary and Law Graduate with over 14 years of experience in corporate laws, secretarial compliance, and governance matters, has been appointed to fill the casual vacancy, to hold office till the conclusion of the ensuing Annual General Meeting. The Board also approved the Postal Ballot Notice for seeking shareholder approval through remote e-voting.

Cupid Breweries and Distilleries Limited has filed its quarterly compliance certificate with BSE Limited for the quarter ended March 31, 2026, in accordance with SEBI Regulation 74(5) of the Depositories and Participants Regulations, 2018. The submission demonstrates the company's commitment to regulatory compliance and transparency in share transfer operations.

Regulatory Compliance Certificate Details

The certificate was issued by Satellite Corporate Services Private Limited, the company's appointed Registrar and Share Transfer Agent. The document confirms compliance with specific regulatory requirements related to the dematerialization of physical share certificates during the reporting quarter.

Share Dematerialization Status

The certificate specifically addresses the dematerialization process for the quarter ended March 31, 2026. According to the registrar's confirmation, no physical share certificates were received for dematerialization during this period. This indicates stable electronic holding patterns among shareholders without significant conversion from physical to electronic format.

The regulatory framework requires companies to ensure that:

• Securities comprised in certificates are properly listed on stock exchanges
• Physical certificates undergo due verification, mutilation, and cancellation processes
• Depository names are appropriately substituted in company records as registered owners

Corporate Information and Structure

Cupid Breweries and Distilleries Limited, formerly known as Cupid Trades and Finance Limited, operates as a blender, bottler, and brewer in the alcoholic beverages sector. The company maintains its registered office in Mumbai's Kandivali West area, with additional corporate and marketing offices in Hyderabad and Bangalore respectively.

Regulatory Framework and Compliance

The SEBI Regulation 74(5) certificate requirement ensures transparency in the dematerialization process and maintains investor confidence in electronic trading systems. Companies must regularly report their dematerialization activities through authorized registrars and transfer agents, providing stakeholders with clear visibility into share transfer operations.

This quarterly filing reflects Cupid Breweries and Distilleries' ongoing commitment to regulatory compliance and corporate governance standards. The systematic reporting through Satellite Corporate Services Private Limited ensures proper documentation and regulatory adherence for all share-related transactions and processes.