Cupid Breweries and Distilleries Ltd has approved major strategic moves including the acquisition of 100% stake in Rinpoche Spirits, allotment of shares via swap deals, purchase of a large Alcobev unit in Odisha, and opening of branch offices across five Indian states to strengthen operations and market presence.
Cupid Breweries and Distilleries Ltd has announced significant developments following its Board meeting on March 2, 2026. The company is aggressively expanding its footprint in the alcoholic beverages sector through acquisitions, share allotments, and operational expansion.
Key Highlights
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Allotment of 3,87,08,920 equity shares on a preferential basis to shareholders of Rinpoche Spirits Private Limited, executed via share swap.
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Allotment of 6,51,387 equity shares to shareholders of Crochet Industries Private Limited, also through share swap.
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Acquisition of 100% stake in Rinpoche Spirits Private Limited, giving Cupid Breweries complete control over its IMFL manufacturing operations.
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Execution of a Memorandum of Understanding to purchase a large running Alcobev production unit in Odisha, enhancing manufacturing capacity.
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Opening of branch offices in West Bengal, Odisha, Sikkim, Goa, and Karnataka to expand business operations, strengthen marketing, and secure excise licenses.
These strategic steps are expected to boost Cupid Breweries’ production capabilities, expand its geographical presence, and enhance shareholder value in the long term.
Source: Cupid Breweries & Distilleries Disclosure to the Stock Exchanges