Cupid Breweries & Distilleries Ltd has confirmed the completion of electronic dispatch for the notice convening its 40th Annual General Meeting (AGM) along with the integrated annual report for FY26. The company published a newspaper advertisement in The News Hub and Mumbai Mitra on September 9, 2026, to comply with SEBI Listing Regulations regarding the dispatch of these documents.

The AGM is scheduled to be held on Wednesday, September 30, 2026, at 12:00 noon via Video Conferencing or Other Audio Visual Means. Shareholders are eligible to vote electronically during the remote e-voting period from September 27 to September 29, 2026. The notice outlines several special business items requiring shareholder approval, including the appointment of statutory and secretarial auditors and the re-appointment of independent directors.

Financial Performance

Cupid Breweries reported a consolidated net loss of ₹367.14 lakh for FY26, compared to no comparable figure disclosed for the prior period in the consolidated statement. On a standalone basis, the company incurred a net loss of ₹40.52 lakh in FY26, an improvement from the ₹50.29 lakh loss recorded in FY25.

Revenue from operations remained at ₹0.00 lakh on both standalone and consolidated bases, reflecting the company's pre-operational status in its core alcoholic beverage business. Total expenses stood at ₹367.34 lakh on a consolidated basis and ₹40.72 lakh on a standalone basis for FY26.

Governance Appointments

The board approved the following key appointments subject to shareholder approval at the AGM:

• Statutory Auditor: M/s. MMRS & Co., Chartered Accountants, appointed for a five-year term from FY27 to FY31.
• Secretarial Auditor: Ms. Neha Poddar, Practicing Company Secretary, appointed for a five-year term from FY27 to FY31.
• Independent Director Re-appointment: Mr. Ninad Maruti Dhuri recommended for a second five-year term commencing September 30, 2026.
• New Independent Directors: Appointment of Mr. M. Soundara Pandian and Mr. Meharbaba Prasad Kalidasu as independent directors for a first term of five years each.

Strategic Developments

During FY26, the company continued building its manufacturing platform through strategic acquisitions. It acquired 100% equity in Rinpoche Spirits Private Limited and increased its stake in Crochet Industries Private Limited to 99.78% via share swaps. The company also acquired land in Goa for a proposed manufacturing unit and received approval from the Government of Sikkim for a brewing unit lease.

What the Numbers Show

The divergence between standalone and consolidated losses highlights the impact of subsidiary operations. While the standalone entity reduced its loss by nearly 20% year-on-year, the consolidated loss widened significantly due to higher finance costs and other expenses at the group level. This suggests that while the parent company is managing its direct operational costs effectively, the integration and financing of acquired assets are currently driving broader group-level expenditures.

Cupid Breweries & Distilleries Ltd signed a non-binding memorandum of understanding for technology and business collaboration on August 21, 2026. The agreement supports the company’s upcoming commercial operations.

The deal covers manufacturing processes, product quality, and operational scalability. Company officials finalized these discussions during business meetings in Germany.

Strategic Context

The MoU follows a Board Meeting held on July 9, 2026. The collaboration aligns with applicable food safety and excise laws and regulations. The company stated it will provide further updates as per regulatory requirements.

This disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.