Cupid Breweries approves acquisition, director appointment
Cupid Breweries and Distilleries Limited shareholders approved the strategic acquisition of a manufacturing unit from United Spirits Limited and the appointment of Mr. Rohit Shetty as an Independent Director via postal ballot. Both special resolutions passed with 99.99% of votes in favour, with promoters and public non-institutions supporting the moves. The process complied with SEBI and Companies Act regulations.
*this image is generated using AI for illustrative purposes only.
Cupid Breweries and Distilleries Limited shareholders have approved the strategic acquisition of a manufacturing unit from United Spirits Limited and the appointment of Mr. Rohit Shetty as an Independent Director. Both special resolutions passed with the requisite majority, receiving 99.99% of votes in favour during the postal ballot process concluded on June 28, 2026. The approvals enable the company to proceed with expanding its manufacturing capabilities and strengthen its governance structure.
The e-voting process commenced on May 30, 2026, and concluded on June 28, 2026. Ms. Neha Poddar, Practicing Company Secretary, served as the Scrutinizer for the postal ballot. The record date for determining shareholder eligibility was May 22, 2026. The company communicated the notice via email to shareholders, adhering to Ministry of Corporate Affairs circulars that allow the dispatch of notices through electronic means.
The resolution for the strategic acquisition of the manufacturing unit from United Spirits Limited received 63,551,355 votes in favour and 5,851 votes against. The total number of votes polled was 63,557,206, representing 100% of the outstanding shares. Promoters and the promoter group, holding 49,328,999 shares, voted entirely in favour of the resolution. Public non-institutions, holding 14,228,207 shares, also supported the acquisition with 14,222,356 votes in favour.
Voting Results Summary
| Resolution | Votes in Favour | Votes Against | Total Votes Polled | % in Favour |
|---|---|---|---|---|
| Acquisition of Manufacturing Unit | 63,551,355 | 5,851 | 63,557,206 | 99.99 |
| Appointment of Mr. Rohit Shetty | 63,551,355 | 5,851 | 63,557,206 | 99.99 |
The second resolution regarding the appointment of Mr. Rohit Shetty (DIN: 07224494) as an Independent Director also secured overwhelming approval. The voting pattern mirrored the acquisition resolution, with 63,551,355 votes in favour and 5,851 votes against. Promoters and the promoter group cast all their shares in favour, while public non-institutions followed suit with a similar majority. The scrutinizer's report confirmed that both resolutions were passed with the required majority.
The postal ballot process was conducted in compliance with Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Section 108 and 110 of the Companies Act, 2013. National Securities Depository Limited (NSDL) provided the remote e-voting facility. The votes were unblocked and downloaded from the NSDL portal on June 29, 2026, in the presence of two independent witnesses. The results were subsequently countersigned by Sachin Rawat, CFO & Company Secretary of Cupid Breweries and Distilleries Limited.
Historical Stock Returns for Cupid Breweries And Distilleries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.29% | +0.34% | +10.66% | -24.34% | -68.59% | +26.57% |
What is the expected timeline for the integration of the acquired manufacturing unit into Cupid Breweries' operations?
How will the acquisition impact Cupid Breweries' production capacity and market share in the fiscal year 2027?
What specific governance expertise does Mr. Rohit Shetty bring to the board as the new Independent Director?
17
Access Market Heat-map & Insights 
Create, Save & Share your Screener 
Use 200+ Screening Filters 
