Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and further to its disclosure dated May 19, 2026 regarding the proposed purchase of an operational alcobev unit situated at Gopalpur, Odisha, Cupid Breweries and Distilleries has informed that the Company has entered into an Agreement for Sale and Transfer dated June 05, 2026 with United Spirits, a Diageo Group company. The Agreement has been executed for the proposed purchase of land, building, plant & machinery along with premium excise licenses pertaining to the production unit situated at Gopalpur, Odisha, for a total consideration of Rs. 22.50 Crores, exclusive of applicable taxes, registration charges and stamp duty. Pursuant to the terms of the Agreement, the Company has paid an advance of Rs. 1.00 Crore (inclusive of applicable TDS). The proposed transaction represents a significant step in the Company's growth and expansion strategy and envisages the acquisition of a large alco-beverage production unit having an installed production capacity of approximately 2,50,000 cases per month. Upon completion of the transaction, the Company expects to significantly strengthen its manufacturing capabilities and establish a robust platform for future growth.
The above information is a part of company’s filings submitted to BSE.
