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.

Cupid Breweries and Distilleries Limited reported a consolidated net loss of ₹85.40 lakh for the quarter ended June 30, 2026, widening from a net loss of ₹38.02 lakh in the corresponding quarter of the previous year. On a standalone basis, the company posted a net loss of ₹14.94 lakh for Q1FY27, an improvement from the net loss of ₹20.58 lakh recorded in Q1FY26. Total income from operations remained at zero for both standalone and consolidated entities during the quarter under review.

The unaudited financial results, reviewed by the Audit Committee and approved by the Board of Directors on July 09, 2026, were filed with the stock exchanges under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company reported no other income for the period. The total comprehensive loss for the consolidated entity stood at ₹85.40 lakh for the quarter ended June 30, 2026.

Equity share capital for the period stood at ₹9134.33 lakh, up from ₹5198.30 lakh in the same quarter of the previous year. Reserves, excluding revaluation reserve, were reported at ₹59593.94 lakh on a consolidated basis for the quarter ended June 30, 2026. The company's earnings per share (EPS) on a consolidated basic basis was recorded at a loss of ₹0.09 for Q1FY27, compared to a loss of ₹0.07 in Q1FY26.

Financial Performance Summary

The following table outlines the key financial metrics for the standalone and consolidated results for the quarter ended June 30, 2026:

The company, formerly known as Cupid Trades and Finance Limited, has made the detailed financial results available on its website and the BSE Limited portal.