Cupid Breweries And Distilleries Ltd — Board Meeting, 26-06-2025: Board Meeting

Cupid Breweries and Distilleries Limited has announced a board meeting to approve the financial results for the quarter and half-year ended March 31, 2025. The Board approved the standalone audited financial results showing a net loss of Rs. 44.63 lakhs for the quarter and Rs. 50.29 lakhs for the year, reflecting ongoing investments and operational scaling. The company plans to expand production capacities to 175 million liters of spirits, 180 million liters of beer, and 7 million liters of craft beer with a planned capital outlay of Rs. 1800 Cr. Additionally, it has been shortlisted as a prospective resolution applicant for SDF Industries Limited’s insolvency process. A new secretarial auditor, M/s. Bhumika & Co., has been appointed for a five-year term subject to shareholder approval. The audit report carried an unmodified opinion, while internal financial control systems are being strengthened to support future growth.