Acquisitions27 Nov 2025, 11:24 pm
Cupid Breweries and Distilleries Ltd. Announces Capital Increase and Strategic Acquisitions
AI Summary
Cupid Breweries and Distilleries Ltd. held a Board Meeting on November 27, 2025, where they approved several key decisions. The company proposed to increase its authorized share capital from Rs. 63,00,00,000/- to Rs. 111,00,00,000_/-. Additionally, the board approved the acquisition of up to 100% of the share capital of Rinpoche Spirits Private Limited (RSPL) and up to 8,75,000 equity shares of Crochet Industries Private Limited (CIPL) through preferential issues. These strategic acquisitions will provide the company with advantageous IMFL manufacturing projects, brewery assets, and enhance their national footprint, capacity, and revenue visibility.
Key Highlights
- Proposed increase in authorized share capital from Rs. 63,00,00,000/- to Rs. 111,00,00,000_/-
- Acquisition of up to 100% of Rinpoche Spirits Private Limited share capital
- Acquisition of up to 8,75,000 equity shares of Crochet Industries Private Limited
- Strategic locations in Goa, West Bengal, Orissa, and West Bengal
- Enhanced national footprint, capacity, and revenue visibility