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

The company's Board has approved major strategic and financial initiatives. It will acquire Rinpoche Spirits Private Limited for Rs. 348.38 Cr via a 3.87 Cr equity share swap, expanding national capacity and revenue. A separate share swap will acquire Crochet Industries Private Limited for Rs. 5.86 Cr. Fund-raising involves extending a Rs. 90 Cr unsecured director loan, seeking up to Rs. 900 Cr through External Commercial Borrowings, and securing working capital loans up to Rs. 900 Cr (including Rs. 120 Cr from UCO Bank). The company also plans to list on the NSE for enhanced liquidity. These actions await shareholder approval at an Extra Ordinary General Meeting.