We wish to inform you that the Company has increased its Authorised Share Capital and consequently amended Clause V of its MOA.
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Cupid Breweries and Distilleries has raised its authorised share capital to Rs. 63 crore, divided into 6.3 crore equity shares of Rs. 10 face value each. The amendment to Clause V of the Memorandum of Association was approved by shareholders on March 4, 2025, and disclosed to BSE on April 12, 2025. The previous authorised capital figure is not specified in the filing, so the exact increase size cannot be determined from this document alone. No immediate share issuance, rights issue, or bonus is announced here — this is only an enabling corporate step.
Increasing authorised capital does not dilute existing shareholders by itself, but it gives the company flexibility to issue more shares in the future (e.g., through a rights issue, bonus, or preferential allotment). Investors should watch for any follow-up announcement specifying an actual capital raise.