Cupid Breweries and Distilleries Limited has executed an Agreement for Sale and Transfer with United Spirits Limited to acquire an operational alco-beverage production unit situated at Gopalpur, Odisha. The transaction, dated June 05, 2026, involves a total consideration of ₹22.50 Crores, exclusive of applicable taxes, registration charges, and stamp duty. The acquisition is part of the company's strategy to strengthen its manufacturing capabilities and establish a platform for future growth.

The agreement encompasses the purchase of land, building, plant & machinery, and premium excise licenses associated with the production unit. As part of the terms, Cupid Breweries and Distilleries Limited has paid an advance of ₹1.00 Crore, inclusive of applicable Tax Deducted at Source (TDS). The company disclosed this development to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The acquired facility is a large alco-beverage production unit with an installed production capacity of approximately 2,50,000 cases per month. Upon completion of the transaction, the company expects to significantly enhance its operational footprint. This move marks a significant step in the company's expansion strategy within the sector.

Transaction Details

The key terms of the acquisition are outlined below:

The disclosure was signed by Sachin Rawat, CFO & Company Secretary of Cupid Breweries and Distilleries Limited. The company was formerly known as Cupid Trades and Finance Limited.

Cupid Breweries and Distilleries Limited has announced a postal ballot notice seeking shareholder approval for the strategic acquisition of a manufacturing unit from United Spirits Limited for ₹22.50 crore. The company is also seeking approval for the appointment of Mr. Rohit Shetty as an Independent Director. The remote e-voting period commences on May 30, 2026, and concludes on June 28, 2026.

Acquisition Details

The Board proposes to acquire a running alco-beverage production unit situated at Gopalpur, Odisha, from United Spirits Limited. The transaction includes land admeasuring approximately 6.801 acres, buildings, plant and machinery, and associated licenses on an ‘as-is-where-is’ basis. The unit has a production capacity of approximately 2,50,000 cases per month. The completion of the transaction is subject to definitive agreements, due diligence, and statutory or regulatory approvals.

Postal Ballot and Voting Schedule

In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company has engaged NSDL to provide remote e-voting facilities. Only members registered as on Friday, May 22, 2026, are entitled to vote.

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. 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.

Corporate Governance Updates

The Board approved the discontinuance of M/s. Bhumika & Co. as the Secretarial Auditor due to shareholding exceeding permissible limits. Ms. Neha Poddar has been appointed to fill the casual vacancy. Additionally, the Board has approved the monetisation of surplus land parcels available with certain acquired group companies through leasing and sub-leasing arrangements. The company is also exploring potential opportunities to acquire additional running manufacturing units across various states in India.