Cupid Breweries And Distilleries Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 04/10/2025 ,inter alia, to consider and approve Intimation ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.1 pts more than Nifty Microcap 250 and 1.5 pts more than its Breweries & Distilleries peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The board of Cupid Breweries And Distilleries Ltd will meet on 4 October 2025 to consider a proposal to raise funds of up to Rs. 450 Crores. The money could be raised through one or more tranches via Qualified Institutions Placement (QIP), Foreign Currency Convertible Bonds (FCCBs), or other permitted securities. The proposal will be subject to shareholder approval at an Extra-Ordinary General Meeting (EGM) and other regulatory clearances. The company (formerly known as Cupid Trades and Finance Limited) has also flagged the EGM notice as part of the board agenda.
A fund raise of Rs. 450 Crores is sizeable and, if executed through QIP or convertible bonds, could lead to dilution of existing shareholders. The stock may see increased activity and volatility around the board meeting and the subsequent EGM.