The Committee of Creditors on their meeting held on September 08, 2025 approved the Resolution Plan submitted by the Company for the acquisition of SDF Industries Limited through Corporate ....
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The Committee of Creditors (CoC) of SDF Industries Limited (formerly Superstar Distilleries and Foods Limited) approved the Resolution Plan submitted by Cupid Breweries and Distilleries Limited under Section 30(4) of the Insolvency and Bankruptcy Code, 2016, in a meeting held on September 8, 2025. Following this approval, the Resolution Professional issued a Letter of Intent (LoI) to Cupid Breweries on September 9, 2025, formally confirming the acceptance. Additionally, ₹1 crore of earnest money deposit (EMD) previously submitted by the company was refunded on September 3, 2025. The acquisition is being executed through the Corporate Insolvency Resolution Process (CIRP) of the target company. The plan is still pending approval from the National Company Law Tribunal (NCLT) before it can be fully implemented.
This is a positive development for Cupid Breweries as it moves closer to acquiring SDF Industries Limited through the IBC route, potentially expanding its business footprint. Shareholders should note the deal is not yet concluded — NCLT approval is the next critical milestone, and any further delays or rejection could impact the expected benefits of the acquisition.