Pursuant to Regulation 34(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith the Annual Report of the Company for the F.Y. 2024-25 ....
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Cupid Breweries and Distilleries Ltd has submitted its Annual Report for FY 2024-25 along with the Notice of its 39th Annual General Meeting (AGM) to BSE, in compliance with SEBI Listing Regulations. The 39th AGM is scheduled for Tuesday, September 30, 2025, at 12:00 noon via video conferencing. The AGM agenda includes adoption of audited financial statements, re-appointment of Dr. Lily Bhagvandas Rodrigues (retiring by rotation), and appointment of M/s Bhumika & Co as Secretarial Auditor for a five-year term (FY 2025-26 to FY 2029-30). The company's FY25 financial performance showed a decline in total income, widening net loss, and negative net worth of ₹-170.33 lakh, with borrowings rising sharply to ₹684.07 lakh (from ₹216.03 lakh in FY24) to fund capacity expansion. The company is developing new brewing and distilling facilities in Goa, Mysore, Kalyani, and Pune, and is evaluating international opportunities in UAE and Uzbekistan.
This is a routine annual report and AGM notice submission — not a new material event. However, the negative net worth, widening losses, and rising debt highlight that the company is in a heavy investment phase before revenue scale-up. Shareholders should review AGM agenda items (especially the secretarial auditor appointment) and upcoming capacity expansion plans, which will be key to future earnings recovery.