To consider and approve unaudited standalone and consolidated financial results of the Company for the quarter ended June 30, 2025 along with Limited Review Report of the Auditor
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Cupid Breweries and Distilleries reported zero revenue from operations for Q1 FY26 (quarter ended June 30, 2025) on a standalone basis, with a net loss of Rs. 20.58 lakhs versus a Rs. 19.40 lakh loss in the year-ago quarter. Consolidated results (newly adopted) showed a wider loss of Rs. 38.02 lakhs, again on nil revenue. The company's other equity stands negative at Rs. (266.33) lakhs, reflecting accumulated losses. Paid-up equity capital surged from Rs. 96 lakhs to Rs. 5,198.30 lakhs following a preferential allotment in May 2025, through which Crochet Industries Pvt Ltd became a material subsidiary. Management stated revenue is expected to scale from Q3 FY26 onward via new production facilities (Odisha acquisition in advanced stage), contract bottling, and state excise licenses. The auditor issued a clean limited review report with no qualifications.
Short-term picture remains weak with no revenue and continuing losses, but the company is in a transformation phase — large capital infusion, new subsidiary, and pending acquisitions could materially change the business. Shareholders should monitor the Odisha acquisition closure, strategic investor funding, and actual revenue ramp-up from Q3 FY26 onwards before drawing conclusions.