Cupid Breweries And Distilleries Ltd

Meeting Details

• Meeting date: 17 October 2026; time and venue not disclosed.

Key Agenda Items

• Consider and approve unaudited standalone and consolidated financial results for Q2 and H1 ended Sept 30, 2026.

Other Notes

• Trading window closure period not disclosed.

Dematerialisation/Rematerialisation status

• No dematerialisation/rematerialisation requests were received during the quarter ended 30 September 2026.
• No physical certificates were received for dematerialisation during the quarter.

AGM Details

• Date and time: September 30, 2026 at 12:00 IST.
• Mode: VC/OAVM.
• Concluded at 12:31 IST.
• Remote e-voting: Sep 27, 9:00 to Sep 29, 17:00.
• E-voting during AGM allowed up to 30 minutes after conclusion.

Key Resolutions

• Adoption of financial statements for FY ended Mar 31, 2026.
• Re-appointment of Erramilli Rishab as director by rotation.
• Appointment of Neha Poddar as Secretarial Auditor for five years.
• Appointment of MMRS & Co. as Statutory Auditors for five years.
• Re-appointment of Ninad Dhuri as independent director.
• Approval of appointment of M. Soundara Pandian as independent director.
• Approval of appointment of Meharbaba Prasad Kalidasu as independent director.

Voting Status

• Voting results to be announced.
• Results to be submitted to stock exchanges and NSDL.

Auditors

• Secretarial auditor appointed: Neha Poddar.
• Statutory auditor appointed: MMRS & Co.

Other Material Approvals

• Future fund-raising discussed; preferential allotment possible subject to laws.

Cupid Breweries And Distilleries Ltd: Trading Window closed from Thursday, October 01, 2026; shall be open 48 hours after the declaration of Financial Results of the Company for the quarter and half year ended September 30, 2026

Financial snapshot

• Standalone revenue from operations FY26: 0.00 lakhs.
• Consolidated revenue from operations FY26: 0.00 lakhs.
• Consolidated total income FY26: 0.20 lakhs.
• Standalone total income FY26: 0.20 lakhs.
• Standalone PAT FY26: -40.52 lakhs; Consolidated PAT: -367.14 lakhs.
• Standalone EPS FY26: -0.04 rupees.
• Net worth at 31-Mar-2026: 65,827.23 lakhs.
• Cash & cash equivalents year-end: 2.07 lakhs.
• Cash flow from operating activities (Standalone) FY26: -63.63 lakhs.
• Additions to PP&E FY26: 370.94 lakhs.
• Capital work-in-progress year-end: 3,368.99 lakhs.
• Authorized capital raised to 11,10,00,000 shares; issued capital 9,13,43,309 shares.
• No dividend declared for FY26.

Capital structure & equity

• Preferential allotments: Crochet Industries 5,00,12,411 shares; RSPL 3,87,08,920 shares.
• Crochet stake rose to 99.78%; RSPL to 100% through swaps.
• Share-swap values: Crochet ₹5.86 crore; RSPL ₹348.38 crore.
• No buybacks; no sweat equity or stock options issued.

Subsidiaries & acquisitions

• CIPL acquisition: 97.83% in Apr 2025; 99.78% by Mar 2, 2026.
• RSPL acquisition: 100% via swap on Mar 2, 2026.
• Two material subsidiaries: Crochet Industries Private Limited and Rinpoche Spirits Private Limited.
• Step-down subsidiaries: Srilab Alcobev Pvt Ltd, Brewing Wizards Pvt Ltd, Forte Spirits Pvt Ltd.

Manufacturing footprint & capex

• Goa: Ponda unit 3,00,000 cases/month; expandable to 5,00,000.
• Pune: 73,000 litres/month; Chakan plant with 75,000/shift, scalable to 1,50,000/double shift.
• Kalyani: 1,80,000 cases/month; expandable to 3,00,000.
• Mysuru: 1,25,000 cases/month; expandable to 5,00,000.
• Goa land 32,160 sq m; Sikkim lease approval for brewing unit.

Governance & board

• 40th AGM due Sept 30, 2026 via VC/OAVM.
• Ajay Gandeja, Arpit Shah, Sajid Bijnori resigned; Rohit Shetty appointed Independent Director.
• Ninad Dhuri, Meharbaba Kalidasu, M. Soundara Pandian appointed as Independent Directors.
• CFO Sachin Rawat; Company Secretary Neha Poddar; Internal Auditor M Narshimha & Associates.
• Audit Committee reconstituted; Nomination & Remuneration; Stakeholders' Relationship Committees established.

Risks, controls & compliance

• Risk framework in place; regulatory, operational, financial risks monitored.
• Delayed filings led to BSE fines; payments completed.
• Independent Auditor highlighted internal controls; ongoing strengthening underway.
• Whistle blower mechanism in place; no complaints reported.

Outlook & strategy

• Acquisition-led growth to strengthen asset base and capacity.
• Expand across IMFL, IML, beer, craft segments; multi-state footprint.
• Pursue selective international opportunities; strengthen distribution network.
• Maintain disciplined capital allocation to drive sustainable profitability.

AGM Details

• AGM date/time: 30 Sep 2026, 12:00 noon, via VC/OAVM.
• Cut-off date for e-voting: 23 Sep 2026.
• E-voting window: 27 Sep 2026, 09:00 to 29 Sep 2026, 17:00.
• AGM venue deemed at registered office; no physical venue.

Resolutions

• Adoption of Audited Standalone and Consolidated Financial Statements for FY2025-26.
• Re-appointment of Erramilli Rishab as Non-Executive Director, liable to retire by rotation.
• Appointment of Neha Poddar as Secretarial Auditor for five years.
• Appointment of MMRS & Co. as Statutory Auditors for five years.
• Re-appointment of Ninad Maruti Dhuri as Independent Director for second term.
• Appointment of M. Soundara Pandian as Independent Director for five years.
• Appointment of Meharbaba Prasad Kalidasu as Independent Director for five years.

Voting Status

• Voting results for resolutions are not disclosed in the filing.

MoU for tech collaboration

• MoU covers manufacturing processes, product quality, and operational scalability.
• Non-binding agreement entered in connection with commencement of commercial operations.
• Authorized company officials are in Germany to finalize technologies.
• Activities will comply with applicable food safety and excise laws.

Dematerialisation/rematerialisation status

• No dematerialisation/rematerialisation requests were received during the period.
• Securities dematerialised have been listed on the stock exchanges.
• Physical certificates received for dematerialisation were mutilated and cancelled, with depository registered as owner.