Cupid Breweries and Distilleries Limited has paid a Standard Operating Procedure (SOP) fine of ₹4.36 lakh to BSE Limited for the delayed submission of its Q2FY26 financial results. The company disclosed this development under Regulation 30 of SEBI Listing Regulations on January 31, 2026.

SOP Fine Payment Details

The Board of Directors approved the Q2FY26 financial results at their meeting held on January 29, 2026, and subsequently submitted them to BSE Limited. Following this submission, the company remitted the SOP fine on January 30, 2026.

Regulatory Background

The SOP fine was imposed by BSE Limited for the alleged delay in submission of unaudited financial results for the quarter and half year ended September 30, 2025, under Regulation 33 of the SEBI Listing Regulations. The company had initially submitted a waiver application on December 17, 2025, disclosing the same to the stock exchange.

Waiver Application Status

The waiver application submitted by the company remains under consideration with BSE Limited. The company has committed to inform the stock exchange and investors about the outcome once received from BSE.

Q2FY26 Financial Performance Context

The delayed results showed challenging operational metrics for the quarter ended September 30, 2025:

Company Information

Cupid Breweries and Distilleries Limited, formerly known as Cupid Trades and Finance Limited, operates in the alcoholic beverages sector. The company is listed on BSE with scrip code 512361 and ISIN INE108G01010. The disclosure was signed by Sachin Rawat, CFO and Company Secretary, emphasizing the company's commitment to regulatory compliance and investor transparency.

Cupid Breweries and Distilleries Limited conducted an Extra-Ordinary General Meeting on January 27, 2026, through video conferencing to address several strategic business resolutions aimed at capital expansion and corporate restructuring. The meeting commenced at 12:00 noon IST and concluded at 12:32 PM IST, with all proceedings conducted in accordance with Ministry of Corporate Affairs and Securities and Exchange Board of India circulars.

Board Participation and Leadership

The EGM was presided over by Mr. Erramilli Venkatachalam Prasad, Chairman cum Managing Director, who authorized Mr. Sachin Rawat, Chief Financial Officer and Company Secretary, to conduct the meeting proceedings. All eight directors participated virtually from different locations across India.

Key Resolutions and Strategic Initiatives

The meeting addressed seven critical resolutions covering capital restructuring, strategic acquisitions, and financial arrangements. The primary resolution involved increasing the company's authorized share capital from Rs. 63,00,00,000 to Rs. 111,00,00,000, representing a substantial expansion in the company's capital base.

Strategic Equity Transactions

Two special resolutions focused on equity share issuances on preferential basis for consideration other than cash through equity swaps:

Financial Arrangements and Credit Facilities

The company sought approval for significant financial arrangements to support its operational and expansion requirements. Resolution No. 5 addressed approval for raising funds through External Commercial Borrowings (ECB), while Resolution No. 6 covered extension of existing unsecured loan agreements with directors and continuation of outstanding unsecured loans.

A major financial resolution involved approval for availing working capital credit facilities up to Rs. 900 crores from various banking institutions including UCO bank, PSU banks, private and scheduled banks, and financial institutions.

Voting Process and Compliance

The company provided comprehensive voting facilities to shareholders through remote e-voting via the NSDL system from January 24, 2026 (9:00 AM) to January 26, 2026 (5:00 PM). Members who had not participated in remote voting were given opportunities to vote electronically during the EGM and up to 15 minutes after its conclusion. Ms. Neha Poddar, Practicing Company Secretary, served as Scrutinizer to oversee the voting process.

Shareholders registered as speakers were provided opportunities to express views and ask questions, with the Chairman and Finance Director responding to all queries raised during the proceedings. The consolidated results of remote e-voting and e-voting during the EGM will be announced after scrutiny and submitted to Stock Exchanges, placed on the company's website, and NSDL's website in accordance with SEBI regulations.