Cupid Breweries And Distilleries Ltd — Important, 04-01-2026: Company Update

The company's Board has approved significant strategic moves, including the acquisition of Rinpoche Spirits Private Limited for approximately Rs. 348.38 Cr and Crochet Industries Private Limited for around Rs. 5.86 Cr, both via share swap. These acquisitions aim to expand national footprint and boost revenue visibility. Additionally, the Board approved raising up to Rs. 900 Cr through External Commercial Borrowings and another Rs. 900 Cr in working capital loans, with UCO Bank sanctioning Rs. 120 Cr to kickstart operations. Directors' unsecured loans of up to Rs. 90 Cr were also extended. The company will also seek a National Stock Exchange listing to enhance liquidity. These proposals await shareholder approval.