Cupid Breweries And Distilleries Ltd

Cupid Breweries And Distilleries Ltd announced the appointment of Mr. Meharbaba Prasad Kalidasu and Mr. Soundara Pandian as Additional Independent Directors to its Board. The appointments are effective from July 02, 2026. Mr. Kalidasu brings over 38 years of banking experience, including leadership roles at State Bank of India in corporate and project finance. Mr. Pandian has over 43 years of experience in banking and corporate governance, having served in senior positions at Tamilnad Mercantile Bank and City Union Bank, and as a director on various listed boards since 2018. These appointments aim to strengthen the company's governance framework and provide strategic guidance.

Cupid Breweries And Distilleries Ltd announced the appointment of Mr. Meharbaba Prasad Kalidasu and Mr. Soundara Pandian as Additional Independent Directors. The appointments were approved at a Board Meeting held on July 02, 2026, effective immediately. Mr. Kalidasu brings over 38 years of banking experience, including leadership roles at State Bank of India in corporate and project finance. Mr. Pandian has over 43 years of experience in banking and corporate governance, having served in senior positions at Tamilnad Mercantile Bank and City Union Bank, and as a director on various listed boards since 2018. Both appointments are expected to enhance the company's governance framework and strategic guidance.

Cupid Breweries And Distilleries Ltd announced the appointment of Mr. Meharbaba Prasad Kalidasu and Mr. Soundara Pandian as additional Independent Directors to its Board. The appointments are effective from July 02, 2026. Mr. Kalidasu brings over 38 years of banking experience, including leadership roles at State Bank of India in corporate and project finance. Mr. Pandian has over 43 years of experience in banking and corporate governance, with prior roles at Tamilnad Mercantile Bank and City Union Bank, and has served on boards of listed companies since 2018. These appointments aim to strengthen the company's governance and strategic guidance.

Cupid Breweries And Distilleries Ltd has announced the closure of its trading window for designated persons and their immediate relatives. This closure is in effect from July 1, 2026, and will remain open 48 hours after the declaration of the company's financial results for the quarter ended June 30, 2026. The company is adhering to SEBI (Prohibition of Insider Trading) Regulations, 2015. The date for the board meeting to consider these unaudited financial results will be communicated separately. The information will also be available on the company's website.

Cupid Breweries And Distilleries Ltd has executed an Agreement for Sale and Transfer with United Spirits Limited (a Diageo Group company) for the purchase of an operational alcobev unit in Gopalpur, Odisha. The deal, valued at ₹22.50 Crores (exclusive of taxes and charges), includes land, building, plant & machinery, and premium excise licenses. Cupid Breweries has paid an advance of ₹1.00 Crore. This acquisition is a strategic move to expand its manufacturing capabilities, acquiring a unit with a capacity of approximately 2,50,000 cases per month, strengthening its position for future growth.

Cupid Breweries And Distilleries Ltd submitted information regarding the resignation of their Statutory Auditor, M/s. H Rajen & Co, following an earlier disclosure on November 17, 2025. The resignation letter was received on November 16, 2025. The company has now received and submitted the information required under SEBI Circular No. CIR/CFD/CMD1/114/2019 dated October 18, 2019. The auditor resigned due to the submission of data/documents/information not being acceptable for conducting the Limited review audit and peer pressure from the board/management.

Cupid Breweries And Distilleries Ltd has submitted audited standalone and consolidated financial results for the year ended March 31, 2026, in compliance with Regulation 33 of the SEBI (LODR) Regulations, 2015. The results have been audited by MMRS&CO Chartered Accountants, who have issued an independent auditor's report stating that the financial results present a true and fair view in conformity with Indian accounting standards.

Cupid Breweries and Distilleries Ltd's board approved audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The board also approved exploring acquisition opportunities, including a potential purchase of a production unit from United Spirits Limited for ₹22.50 Crores. Other key decisions include exploring business opportunities in West Bengal, reviewing the group's expansion strategy, monetizing surplus land, and appointing a new Secretarial Auditor.

Cupid Breweries And Distilleries Ltd approved audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The company is exploring acquisition opportunities, including a potential purchase of a production unit from United Spirits Limited for ₹22.50 Crores. The board also reviewed expansion strategies and is considering monetizing surplus land. Additionally, Neha Poddar was appointed as the Secretarial Auditor.

Cupid Breweries And Distilleries Ltd has scheduled a Board of Directors meeting on May 18, 2026, to consider and approve the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The meeting is pursuant to Regulation 29(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.