Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015- Execution of Agreement to Sale and Transfer with United Spirits Limited
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Cupid Breweries and Distilleries has signed an agreement with United Spirits Limited (a Diageo Group company) to purchase an operational alcoholic beverages manufacturing unit located at Gopalpur, Odisha. The deal covers land, building, plant & machinery, and premium excise licenses for a total consideration of Rs. 22.50 Crores (excluding taxes and duties). The company has paid an advance of Rs. 1.00 Crore as part of the deal. The acquired unit has an installed production capacity of approximately 2,50,000 cases per month, which Cupid expects will significantly strengthen its manufacturing footprint and support future growth.
This is a strategic capacity-expansion move for Cupid, adding meaningful alco-bev production capability from a reputed seller (Diageo group). The deal is moderately sized for a small-cap company and may lift future revenue potential, though execution and integration risks remain. Near-term stock reaction may be mildly positive given the visible growth roadmap.