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Latest news about Cupid Breweries And Distilleries

Cupid Breweries Reports 11.57% Stake Acquisition by Sri Venkata Rajeswara Rao 9 days ago

Cupid Breweries and Distilleries Limited filed a substantial acquisition disclosure under SEBI regulations for Sri Venkata Rajeswara Rao Samavedam's acquisition of 1,05,71,277 equity shares through preferential allotment dated March 02, 2026. The acquisition increased his holding from 0.02% to 11.58% of voting capital, with company's share capital expanding from ₹ 51,98,30,020 to ₹ 91,34,33,090.

Cupid Breweries Board Approves Strategic Acquisitions And Multi-State Expansion Mar 02, 2026

Cupid Breweries and Distilleries Limited Increases Authorized Share Capital to Rs. 111 Crores Mar 02, 2026

Cupid Breweries Pays ₹4.36 Lakh SOP Fine to BSE for Delayed Q2FY26 Results Jan 31, 2026

Cupid Breweries and Distilleries Conducts EGM for Capital Expansion and Strategic Acquisitions Jan 27, 2026

More news about Cupid Breweries And Distilleries

08Jan 26

Cupid Breweries Submits Revised Board Meeting Outcome for Strategic Acquisitions

Cupid Breweries and Distilleries Limited has submitted a revised board meeting outcome detailing strategic acquisitions of RSPL and CIPL through preferential share issues worth ₹354 crores combined, along with comprehensive funding arrangements including ₹900 crores each for external commercial borrowings and working capital facilities, with shareholder approval sought through EGM scheduled for January 27, 2026.

07Jan 26

Cupid Breweries Files Regulation 10(6) Disclosure for Promoter Share Transfer

Cupid Breweries and Distilleries completed regulatory compliance by filing Regulation 10(6) disclosure for the inter se transfer of 14.49 lakh equity shares between promoter spouses. The transaction, structured as a gift, resulted in equal 25.04% shareholding for both parties while maintaining promoter group control and qualifying for regulatory exemptions.

04Jan 26

Cupid Breweries Submits Revised Board Meeting Outcome with Corrected Details

Cupid Breweries and Distilleries Limited submitted a revised outcome of its January 03, 2026 board meeting, primarily correcting the number of proposed allottees for the Crochet Industries acquisition from 26 to 16. The revision maintains all other transaction terms unchanged, including the total consideration of ₹354.24 crores for both acquisitions and approved funding facilities worth ₹1,800 crores.

04Jan 26

Cupid Breweries Revises Acquisition Details, Corrects Crochet Industries Share Numbers

Cupid Breweries And Distilleries issued revised board meeting outcome correcting Crochet Industries acquisition details - target shares increased to 8.75 lakh, equity shares to issue raised to 6.51 lakh involving 16 investors, while maintaining ₹90 per share price and all other transaction terms unchanged.

30Dec 25

Cupid Breweries Meets Goa Chief Minister to Discuss Manufacturing Expansion and Licensing

Cupid Breweries and Distilleries Limited met with Goa's Chief Minister on December 30, 2025, to discuss expansion plans including land acquisition, manufacturing licenses for spirits and beer products, and operational matters concerning subsidiary Forte Spirits Private Limited. The constructive discussions focused on facilitating these initiatives within regulatory frameworks, with the company committing to future disclosures on material developments.

23Dec 25

Cupid Breweries Shareholders Approve New Statutory Auditor via Postal Ballot

Cupid Breweries And Distilleries Limited successfully concluded its postal ballot process with shareholders overwhelmingly approving the appointment of M/s. MMRS & Co. as statutory auditors with 99.99% votes in favor. The appointments were necessitated by the resignation of previous statutory auditors and discontinuation of internal auditors due to independence issues.

17Dec 25

Cupid Breweries Faces ₹1.5L BSE Fine for Delayed Q2 FY26 Results

Cupid Breweries And Distilleries Limited received a ₹1.50 lakh fine from BSE Limited for delayed submission of quarterly financial results for the period ended September 30, 2025. The delay was due to the unavailability of the Limited Review Report from the statutory auditor, who subsequently resigned. A new auditor has been appointed, pending shareholder approval. The company is seeking a waiver of the fine through representation to BSE.

11Dec 25

Cupid Breweries Gets Government Approval for Land Lease to Build Brewing Unit in Sikkim

Cupid Breweries And Distilleries has received official approval from the Government of Sikkim for land lease to establish a brewing and beverage manufacturing unit. The approval was granted by the Chief Minister and communicated through the Commerce Industries Department on December 10, 2025, marking a significant milestone in the company's strategic expansion plans for the northeastern state.

29Nov 25

Cupid Breweries Rectifies Shareholding Details in Share Swap Transaction

Cupid Breweries And Distilleries Limited has submitted revised shareholding details, correcting errors in a previous report regarding a share swap transaction. The revision includes corrections to promoter-held equity shares in Rinpoche Spirits Private Limited, a shareholder name, and consequential changes in total RSPL shares. Promoters Mr. Erramilli Venkatachalam Prasad and Mrs. Lily Bhagvandas Rodrigues, holding 50.08% of paid-up share capital, are acquiring additional shares through creeping acquisition under SEBI regulations. The company's financial data shows significant asset growth but negative equity, indicating ongoing financial challenges despite expansion.

24Nov 25

Erramilli Venkatachalam Prasad and Rodrigues Bhagvandas Lily Announce Open Offer for Cupid Breweries And Distilleries at ₹71.80 per Share

Erramilli Venkatachalam Prasad and Rodrigues Bhagvandas Lily have announced an open offer to acquire 9,60,000 equity shares, representing 100% of the existing public shareholding of Cupid Breweries And Distilleries. The offer price is set at ₹71.80 per share, including an interest component of ₹11.80 per share. The total offer consideration amounts to ₹6,89,28,000. The interest component is calculated at 10% per annum for 717 days. The public shareholding represents 1.85% of the company's existing voting share capital. Saffron Capital Advisors Private Limited is managing the open offer, which complies with SEBI regulations.

17Nov 25

Cupid Breweries' Statutory Auditor Resigns Citing Data Issues and Management Pressure

H Rajen & Co., the statutory auditor of Cupid Breweries And Distilleries Limited, has resigned effective November 15, 2025. The auditor cited unacceptable data for limited review audit and peer pressure from management as reasons. This resignation may disrupt the company's audit process, attract regulatory scrutiny, and affect investor confidence. Cupid Breweries is awaiting complete information from the auditor before submitting details to stock exchanges.

27Oct 25

Cupid Breweries Holds EGM: Approves Articles Amendment and Fundraising Plans

Cupid Breweries And Distilleries Limited conducted an Extra-Ordinary General Meeting on October 27, 2025, to address key corporate matters. The meeting, held via video conferencing, saw full attendance from all seven directors. Two special resolutions were proposed: altering the company's Articles of Association and fundraising through Qualified Institutions Placement and foreign currency convertible bonds. The company provided multiple voting options, including remote e-voting and voting during the EGM. Results will be announced after scrutiny and submitted to stock exchanges.

23Oct 25

Cupid Breweries Open Offer: Acquirers Propose ₹71.80 per Share for 100% Public Shareholding

Erramilli Venkatachalam Prasad and Rodrigues Bhagvandas Lily have launched an open offer to acquire 100% of the public shareholding of Cupid Breweries And Distilleries Limited. The offer price is ₹71.80 per share, including an interest component of ₹11.80, for a total value of ₹6,89,28,000. The offer period runs from December 08, 2023 to November 24, 2025. The Committee of Independent Directors views the offer price as fair but notes that the company's shares are trading higher on BSE. Shareholders are advised to evaluate the offer independently before making a decision.

13Oct 25

Cupid Breweries' Acquisition of SDF Industries Cancelled Amid Disagreement Over Terms

Cupid Breweries and Distilleries Limited has called off its planned acquisition of SDF Industries Limited through the Corporate Insolvency Resolution Process. The cancellation is due to disagreements over additional conditions in the Letter of Intent that were inconsistent with the approved Resolution Plan. The Committee of Creditors revoked the Letter of Intent, resulting in the forfeiture of Cupid Breweries' Earnest Money Deposit of Rs. 2,00,000. The company states that there is no other material financial impact from this development.

24Sept 25

Revised Open Offer for Cupid Breweries at ₹71.40 per Share

Erramilli Venkatachalam Prasad and Rodrigues Bhagvandas Lily have revised their open offer for Cupid Breweries And Distilleries, aiming to acquire 9,60,000 equity shares (100% of public shareholding) at ₹71.40 per share. The new price includes an interest component of ₹11.40 per share, calculated at 10% per annum for 693 days. The total offer consideration is now ₹6,85,44,000. This revision complies with SEBI regulations and is managed by Saffron Capital Advisors Private Limited.

09Sept 25

Cupid Breweries and Distilleries Limited Sets Stage for 39th AGM Amid Strategic Expansion

Cupid Breweries and Distilleries, formerly Cupid Trades and Finance Limited, is set to hold its 39th Annual General Meeting on September 30, 2025. The company reported a revenue of ₹88.19 lakh and a net loss of ₹50.29 lakh for FY 2024-25. Despite current losses, the company is actively expanding in the brewing and distillery sector with investments in multiple entities and new facility developments across India. Key initiatives include business diversification, capacity expansion, and exploration of international ventures. The AGM will address financial statement adoption, director re-appointment, and appointment of secretarial auditors.

15Aug 25

Cupid Breweries Reports Q1 Loss, Advances Strategic Expansion Plans

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.

22Jul 25

Cupid Breweries Shareholders Approve Appointment of Two Independent Directors

Cupid Breweries And Distilleries Limited secured shareholder approval for appointing Mr. Sajid Bijnori and Mr. Ajay Gandeja as Independent Directors through a postal ballot. The e-voting process ran from June 20 to July 19, 2025, with results declared on July 22. Both special resolutions passed with the required majority, strengthening the company's corporate governance structure.