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Latest news about Cupid Breweries And Distilleries

Cupid Breweries Submits Revised Board Meeting Outcome for Strategic Acquisitions 7 days ago

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.

Cupid Breweries Files Regulation 10(6) Disclosure for Promoter Share Transfer 8 days ago

Cupid Breweries Submits Revised Board Meeting Outcome with Corrected Details Dec 31, 2025

Cupid Breweries Meets Goa Chief Minister to Discuss Manufacturing Expansion and Licensing Dec 30, 2025

Cupid Breweries Faces ₹1.5L BSE Fine for Delayed Q2 FY26 Results Dec 17, 2025

More news about Cupid Breweries And Distilleries

10Dec 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.

27Nov 25

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.

18Nov 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.

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.

14Oct 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.

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.