Cupid Breweries And Distilleries Ltd

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.

Financial results approved

• Unaudited standalone and consolidated results for quarter ended 30-Jun-2026 approved.
• Results reviewed by Audit Committee and approved by Board.
• Limited Review Report accompanying the results.

Strategic collaborations and fund-raising

• Authorized visit to Steinecker GmbH for advanced brewery technologies.
• To execute agreements with financial advisers, investment bankers, consultants, including JLL, for fund-raising.
• Fund-raise to support acquisition of operational units and strengthen commercialization.

Gopalpur unit acquisition status

• Status of Gopalpur Unit acquisition from United Spirits progressing with authorities.
• Completion expected subject to statutory and regulatory approvals.

Meeting Details

• Board meeting scheduled for 9 July 2026; time and venue not disclosed.

Key Agenda Items

• Consider and approve un-audited standalone and consolidated results for quarter ended June 30, 2026, with Limited Review Report.

Other Notes

• Information will be made available on the company's website.

New Independent Director Appointments

• Meharbaba Kalidasu appointed Additional Independent Director; 38 years in SBI, risk management; effective 02 July 2026.
• Soundara Pandian appointed Additional Independent Director; 43 years in banking, governance; effective 02 July 2026.

Cupid Breweries And Distilleries Ltd closes trading window from July 01, 2026; shall be open 48 hours after the declaration of Financial Results of the Company for the quarter ended June 30, 2026.

Postal ballot resolutions and outcomes

• Purpose: seek approvals for two special resolutions via postal ballot.
• Resolution 1: Special resolution approving strategic acquisition of a manufacturing unit from United Spirits Limited.
• Resolution 2: Special resolution appointing Mr. Rohit Shetty as Independent Director.
• Outcome: Both resolutions passed with the requisite majority.
• Voting window: e-voting May 30, 2026 to June 28, 2026; Scrutinizer report submitted.
• Counterparty for acquisition: United Spirits Limited.
• Director detail: Rohit Shetty, Independent Director; DIN 07224494.
• Material impact: expansion of asset base and governance enhancement.