Board Meeting19 May 2026, 07:31 am
Cupid Breweries Approves Audited Results, Eyes Acquisitions
AI Summary
Cupid Breweries And Distilleries Ltd approved audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The company is exploring acquisition opportunities, including a potential purchase of a production unit from United Spirits Limited for ₹22.50 Crores. The board also reviewed expansion strategies and is considering monetizing surplus land. Additionally, Neha Poddar was appointed as the Secretarial Auditor.
Key Highlights
- Audited financial results for the quarter and year ended March 31, 2026, approved.
- Considering acquisition of United Spirits Limited unit in Odisha for ₹22.50 Crores.
- Exploring further alco-beverage manufacturing unit acquisitions across India.
- Neha Poddar appointed as Secretarial Auditor, replacing M/s. Bhumika & Co.
- Reviewing alco-beverage expansion strategy with significant licensed production capacities.