Cupid Breweries to acquire Odisha Alcobev Unit from United Spirits

by Hansraj Agrawal | Jun 6, 2026 | Share Market

Cupid Breweries and Distilleries said that it has entered into an agreement with United Spirits, a Diageo Group company, for the purchase of an operational alco-beverage manufacturing unit in Gopalpur, Odisha, for Rs 22.50 crore.

The agreement covers the acquisition of land, building, plant and machinery, along with premium excise licenses required for production at the facility.

As part of the transaction, the company has paid an advance of Rs 1 crore, including applicable TDS.

The facility has an installed production capacity of approximately 2.5 lakh cases per month. The acquisition is expected to strengthen Cupid Breweries manufacturing capabilities and support its expansion plans in the alco-beverage segment.

The company said the deal marks a significant step in its growth strategy and will provide a strong production base for future expansion once completed.

Cupid Breweries & Distilleries engaged in the business as an trading company and to carry on the business of buyers, sellers, suppliers, traders, merchants, exporters, importers, and dealers of Tea, coffee, tobacco, minerals etc. & other gases fire, wood, coke and coal and other edible and non-edible oils, Plant and Machinery, spare parts & accessories, commercial, man-made & natural fibers, textiles of all kinds, all types of paper & its products, iron, steel & their products and all kinds of machinery accessories & other things required in connection herewith.

United Spirits is one of the leading beverage alcohol companies in India. It is a subsidiary of Diageo Plc.

Shares of Cupid Breweries & Distilleries rallied 4.96% to close at Rs 25.38, while United Spirits declined 0.32% to end at Rs 1,246.15 on the BSE.

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Board of ASM Technologies approves fund raising up to Rs 500 cr via equity route

by Hansraj Agrawal | Jun 6, 2026 | Share Market

Last Updated : Jun 06 2026 | 4:17 PM IST

At meeting held on 06 June 2026

The board of ASM Technologies at its meeting held on 06 June 2026 has approved the proposal for raising of funds either by way of
issuance of equity shares and / or other securities including securities convertible into equity shares, warrants or fully convertible debentures, partly convertible debentures, non-convertible debentures along with warrants, or convertible preference shares, for an aggregate amount not exceeding Rs 500 crore, by way of public issue, rights issue, preferential allotment, private placement, including Qualified Institutions Placement(s) (QIP) in one or more tranches or any other mode or combination thereof as may be permitted under applicable laws, such regulatory/ statutory approvals as may be required and subject to approval of Shareholders of the Company.

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First Published: Jun 06 2026 | 12:50 PM IST

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Sarveshwar Foods consolidated net profit declines 14.53% in the March 2026 quarter

by Hansraj Agrawal | Jun 6, 2026 | Share Market

Last Updated : Jun 06 2026 | 12:50 PM IST

Sales rise 9.41% to Rs 382.62 crore

Net profit of Sarveshwar Foods declined 14.53% to Rs 7.35 crore in the quarter ended March 2026 as against Rs 8.60 crore during the previous quarter ended March 2025. Sales rose 9.41% to Rs 382.62 crore in the quarter ended March 2026 as against Rs 349.72 crore during the previous quarter ended March 2025.

For the full year,net profit rose 18.22% to Rs 31.79 crore in the year ended March 2026 as against Rs 26.89 crore during the previous year ended March 2025. Sales rose 18.43% to Rs 1345.60 crore in the year ended March 2026 as against Rs 1136.23 crore during the previous year ended March 2025.

ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var.Sales382.62349.72 9 1345.601136.23 18 OPM %3.954.78 –4.915.60 – PBDT10.9811.78 -7 44.5637.56 19 PBT10.4011.50 -10 43.1136.39 18 NP7.358.60 -15 31.7926.89 18

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First Published: Jun 06 2026 | 12:50 PM IST

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Hari Govind International reports standalone net profit of Rs 0.22 crore in the March 2026 quarter

by Hansraj Agrawal | Jun 6, 2026 | Share Market

Last Updated : Jun 06 2026 | 12:50 PM IST

Sales reported at Rs 2.60 crore

Net profit of Hari Govind International reported to Rs 0.22 crore in the quarter ended March 2026 as against net loss of Rs 0.06 crore during the previous quarter ended March 2025. Sales reported to Rs 2.60 crore in the quarter ended March 2026. There were no Sales reported during the previous quarter ended March 2025.

For the full year,net profit reported to Rs 0.09 crore in the year ended March 2026 as against net loss of Rs 0.09 crore during the previous year ended March 2025. Sales reported to Rs 2.60 crore in the year ended March 2026. There were no Sales reported during the previous year ended March 2025.

ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var.Sales2.600 0 2.600 0 OPM %8.460 –3.460 – PBDT0.22-0.06 LP 0.09-0.09 LP PBT0.22-0.06 LP 0.09-0.09 LP NP0.22-0.06 LP 0.09-0.09 LP

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First Published: Jun 06 2026 | 12:50 PM IST

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Ixigo to acquire majority stake in Brevistay for Rs 66-cr

by Hansraj Agrawal | Jun 6, 2026 | Share Market

Le Travenues Technology (Ixigo) said its board has approved the acquisition of a 54.66% stake in Brevistay Hospitality for Rs 65.69 crore through a mix of secondary and primary share purchases.

The company has also committed Rs 12 crore to two artificial intelligence startups as part of its strategy to strengthen its hotels business and technology capabilities.

The acquisition will include a non-compete fee and, upon completion, Brevistay will become a subsidiary of ixigo. The company will also have the right to acquire the remaining stake in the hotel-booking platform in the future, subject to certain conditions.

Founded in 2016, Brevistay operates a platform that enables users to book hotel rooms for flexible durations, including hourly stays. The company reported an unaudited turnover of Rs 18.1 crore in FY26, compared with Rs 12.23 crore in FY25 and Rs 8.83 crore in FY24.

The transaction is expected to be completed on or before July 31, 2026. With the acquisition, ixigo aims to strengthen its hotels business and expand its accommodation offerings.

In a separate development, ixigo approved an investment of Rs 7.5 crore in Ofintelligence Technologies Pvt Ltd (Proactai) for a 10.34% stake through subscription of compulsorily convertible preference shares.

Proactai, incorporated in May 2024, develops vertical foundational AI models focused on person re-identification and object tracking. The startup reported unaudited revenue of Rs 12.02 lakh in FY26.

The company also approved an investment of Rs 4.5 crore in Forgeurai Systems (Vestra.AI) through subscription of 450,000 fully convertible debentures.

Vestra.AI develops AI operating systems for enterprises, focusing on autonomous AI agent orchestration and workflow automation. The company reported revenue of Rs 1.25 lakh in FY26.

According to ixigo, the investments in Proactai and Vestra.AI will help accelerate development of AI-powered software and strengthen its artificial intelligence capabilities.

All transactions will be executed in cash and are subject to customary closing conditions. The company said none of the deals are related-party transactions.

Le Travenues Technology was founded in 2006 and is an online travel agency (OTA) that enables travelers to book train, flight, and bus tickets as well as hotels via its OTA platforms under the brand name ixigo.

The companys consolidated net profit jumped 91.1% to Rs 31.96 crore on 8.4% rise in revenue from operations to Rs 308.05 crore in Q4 FY26 over Q4 FY25.

The scrip rose 1.63% to end at Rs 155.45 on the BSE on Friday, June 5, 2026.

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Career Point Edutech secures Maharashtra Govt coaching contract

by Hansraj Agrawal | Jun 6, 2026 | Share Market

Career Point Edutech has secured a contract worth Rs 1.51 crore from the Vasantrao Naik Research and Training Institute (VANARTI), a Maharashtra government undertaking, to provide coaching services for competitive entrance examinations.

Under the agreement, the company has been empanelled to deliver online and offline coaching for JEE, NEET and CET aspirants sponsored by VANARTI from the Other Backward Bahujan Welfare Department categories in Maharashtra.

The scope of work includes live interactive online classes, offline mentoring sessions, digital study material, online test practice, performance tracking and provision of tablets with data connectivity, wherever applicable. Payments under the contract will be released in instalments linked to course-completion milestones.

The order, awarded by a domestic entity, is valued at Rs 1,50,90,000 for 300 students. The contract will remain valid for two years and may be extended annually for up to two additional years on mutually agreed terms.

Career Point Edutech said neither its promoters nor promoter group entities have any interest in VANARTI, nor the contract does not fall under related-party transactions.

Career Point Edutech engaged in providing Education Service which inter alia includes Education Consultancy, Management Services, Tutorial Services and Residential Hostel Services and business of holding and investment/finance.

Career Point Edutech reported a 44.8% year-on-year increase in consolidated net profit to Rs 5.59 crore in Q4 FY26, even as revenue from operations declined 4.9% to Rs 10.66 crore compared with the corresponding quarter of the previous fiscal year.

Career Point Edutech shares slipped 0.57% to close at Rs 175 on the BSE on Friday, June 5, 2026.

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