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- Important
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Cupid Breweries and Distilleries Limited has announced a board meeting approving the appointment of Mr. Sajid Bijnori and Mr. Ajay Gandeja as additional Independent Directors, subject to shareholder approval, following the expiry of their previous terms. Both bring extensive expertise in financial management, compliance, business strategy, and operational efficiency. The company has adopted a business plan to manufacture alcoholic beverages by securing necessary licenses and engaging contract bottlers. As part of this plan, it will acquire assets of Martin Judds Microbreweries Private Limited, in which it holds a 10% equity stake, to expand its manufacturing capabilities and improve its financial position.