Latest news about Cupid Breweries And Distilleries
Cupid Breweries Reports Q1 Loss, Advances Strategic Expansion Plans 3 days ago
Cupid Breweries And Distilleries Limited reported a net loss of Rs 20.58 lacs for Q1 FY24, slightly higher than the Rs 19.40 lacs loss in the same period last year. The company had no revenue from operations and total expenses of Rs 20.58 lacs. Significant capital structure changes include an increase in paid-up equity capital to Rs 5,198.30 lacs and a preferential allotment of 5,10,23,002 equity shares. Strategic initiatives include acquiring a facility in Odisha, redesigning the AlcoBev Products manufacturing facility, expanding capacity, and potentially acquiring SDF Industries Limited. The company expects a scalable revenue stream from Q3 of the current financial year.
Cupid Breweries Shareholders Approve Appointment of Two Independent Directors Jul 22, 2025