Summary of Proceedings of the Extra-Ordinary General Meeting of Cupid Breweries and Distilleries Limited held on October 27, 2025 at 12:00 noon through Video Conference ("VC") and Other ....
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Cupid Breweries and Distilleries Limited held its Extra-Ordinary General Meeting on October 27, 2025, from 12:00 noon to 12:36 PM IST via Video Conferencing. Two special resolutions were taken up for consideration: (1) Alteration of the Articles of Association of the Company, and (2) Fund raising through issuance of securities via Qualified Institutions Placement (QIP) and/or Foreign Currency Convertible Bonds (FCCB). Chairman cum Managing Director Mr. Erramilli Venkatachalam Prasad presided over the meeting, with remote e-voting conducted from October 24 to October 26, 2025, plus a 15-minute window after the EGM. Mrs. Bhumika Shah of Bhumika & Co. was appointed as the Scrutinizer for the meeting.
The proposed fund raise through QIP and/or FCCB could lead to potential equity dilution for existing shareholders, while the alteration of Articles may be linked to facilitating this capital raise or broader corporate restructuring. Investors should await the consolidated voting results, which will be filed with stock exchanges shortly, to confirm shareholder approval and any dilution quantum.