Cupid Breweries And Distilleries Ltd — Important, 27-11-2025: Company Update

The company's Board approved significant strategic moves, subject to shareholder approval. The authorized share capital will increase from Rs. 63 Cr to Rs. 111 Cr. Crucially, the Board greenlit acquiring Rinpoche Spirits Private Limited by issuing 3.87 crore shares for Rs. 348.38 Cr via a share swap. This acquisition will expand the company's national footprint with IMFL and brewery assets in Goa, West Bengal, and Orissa, boosting capacity and revenue visibility. Separately, the acquisition of Crochet Industries Private Limited was approved, involving 6.51 lakh shares worth Rs. 5.86 Cr through another share swap.