Cupid Breweries And Distilleries Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 27/11/2025 ,inter alia, to consider and approve the proposal ....
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Cupid Breweries and Distilleries Ltd has informed BSE that its Board of Directors will meet on November 27, 2025 to consider and approve a proposal for raising funds through a preferential issue or private placement of securities. The fund raising may be done for cash or other than cash consideration, and the Board will also determine the issue price, subject to necessary regulatory and shareholder approvals. The trading window for designated persons has been closed from November 25, 2025 until 48 hours after the Board meeting concludes. No specific amount, instrument type, or investor details have been disclosed yet.
This is a forward-looking announcement with no immediate impact on share price, but signals that the company may dilute existing shareholders through a preferential or private placement issue. Retail investors should watch for the post-meeting outcome on November 27 for details on issue size, price, and potential dilution.