Newspaper advertisement pertaining to Unaudited Standalone and Consolidated financial results of the Company for the quarter ended June 30, 2025.
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Awaiting price reaction for this filing.
Cupid Breweries (formerly Cupid Trades and Finance) filed a newspaper advertisement of its Q1 FY26 unaudited financial results, originally published in Business Standard and Mumbai Lakshadweep on August 15, 2025. On a standalone basis, the company reported zero income from operations and a net loss of Rs 20.58 lakhs for the quarter, compared to a Rs 19.40 lakh loss in Q1 FY25. Other income was nil in Q1 FY26 versus Rs 10.33 lakhs a year ago, and basic EPS stood at Rs (0.04). Notably, equity share capital jumped sharply from Rs 96.00 lakhs in Q1 FY25 to Rs 5,198.30 lakhs in Q1 FY26, while reserves remained negative at Rs (266.33) lakhs as of March 31, 2025. The results were reviewed by the Audit Committee and approved by the Board on August 14, 2025.
The company continues to post losses with no revenue from core operations, signalling ongoing business stress. The steep rise in equity share capital suggests a recent share issuance or restructuring, which could mean dilution for existing shareholders or a capital infusion to support operations.