Cupid Breweries unveils ₹4.50 billion fundraising plan to fuel expansion drive

Cupid Breweries and Distilleries Ltd has announced a proposal to raise up to ₹4.50 billion through securities, marking a strategic move to support its ambitious expansion plans across domestic and international markets. The decision was taken during the company’s recent board meeting and aligns with its broader vision to scale production and enhance operational capacity.

Key highlights of the proposal:

- The fundraising will be executed via issuance of securities, including equity shares, convertible instruments, or other permissible modes  
- The capital will be deployed to expand manufacturing capacity and modernize existing facilities  
- The initiative is part of a larger ₹18 billion investment blueprint aimed at boosting output and market presence  

Strategic expansion roadmap:

1. Cupid plans to increase spirit production capacity to 175 million liters, beer to 180 million liters, and craft beer to 7 million liters  
2. The expansion will be executed through contract bottling arrangements across identified units in India and abroad  
3. The company has appointed M/s Bhumika & Co. as its new secretarial auditor for a five-year term, pending shareholder approval  

Financial and operational context:

- Cupid Breweries recently approved its audited financial results for FY25, with an unmodified audit opinion from M/s H Rajen & Co.  
- The company is also exploring participation in the corporate insolvency resolution process of SDF Industries Ltd  
- These developments reflect Cupid’s aggressive push toward growth and diversification  

Sources: Economic Times Hindi, Reuters, Investing.com India, NDTV Profit, ScanX News