Cupid Breweries and Distilleries Limited has scheduled a board meeting for January 03, 2026, to explore issuing securities on a preferential basis and consider private placement of securities. The company informed the BSE through a regulatory filing dated December 31, 2025, outlining the agenda and related compliance matters.

Board Meeting Agenda

The upcoming board meeting will focus on several key matters related to securities issuance:

The board will take note of detailed deliberations undertaken during the November 27, 2025 meeting regarding the proposed preferential issue and private placement of securities. The directors will consider and potentially approve the proposal for securities issuance on a preferential basis, including determination of the issue price.

Regulatory Compliance and Approvals

The proposed securities issuance will be subject to various regulatory and statutory approvals. The company has indicated that shareholder approval will be required for the transaction, along with other necessary regulatory clearances. The board will also address incidental and ancillary matters related to the proposed issuance.

Trading Window Restrictions

Cupid Breweries and Distilleries has implemented trading window restrictions in compliance with insider trading regulations:

The trading window closure was initially implemented for the declaration of financial results for the quarter ended December 31, 2025. The restriction will continue until 48 hours after the disclosure of financial results and after information regarding the board meeting matters becomes generally available.

Information Disclosure

The company has committed to making all relevant information available on its website at www.cupidalcobev.com following the board meeting. This disclosure will ensure compliance with transparency requirements and enable the reopening of the trading window for designated persons.

The regulatory filing was signed by Sachin Rawat, who serves as CFO and Company Secretary of Cupid Breweries and Distilleries Limited, formerly known as Cupid Trades and Finance Limited.

Cupid Breweries and Distilleries Limited announced a significant business development on December 30, 2025, following a high-level meeting with the Hon'ble Chief Minister of Goa. The meeting focused on the company's expansion plans and regulatory requirements for establishing manufacturing operations in the state.

Key Discussion Points

The management team presented four critical business initiatives during the meeting with the Chief Minister:

Regulatory Framework and Expansion Strategy

The company emphasized that the discussions were constructive and focused on facilitating the proposed initiatives within the applicable regulatory framework. This indicates a collaborative approach between Cupid Breweries and Distilleries Limited and the Goa state government toward establishing manufacturing operations in the region.

The meeting addressed both the parent company's direct manufacturing ambitions and the operational status of its subsidiary, Forte Spirits Private Limited. The subsidiary already holds an existing license, and discussions covered the commencement of its commercial operations along with securing additional brewery licensing.

Business Development Implications

The engagement with Goa's Chief Minister represents a strategic move by Cupid Breweries and Distilleries Limited to expand its manufacturing footprint in one of India's key markets for alcoholic beverages. The comprehensive nature of the discussions, covering land acquisition, multiple product categories, and subsidiary operations, suggests a substantial expansion plan.

Future Disclosures

The company has committed to making appropriate disclosures in accordance with applicable laws as and when there are material developments regarding these initiatives. This regulatory filing was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency with stakeholders about significant business developments.