Cupid Breweries And Distilleries Ltd — Important, 15-11-2025: Company Update

The Board, following its meeting on November 14, 2025, announced that financial results for the quarter and half-year could not be finalized. This was due to incomplete consolidated financial information, preventing statutory auditors M/s H Rajen & Co. from completing their review. Citing prolonged delays, repeated deferrals, and the adverse impact on compliance and shareholder interests, the Board decided to seek the immediate resignation of M/s H Rajen & Co. This move aims to ensure good corporate governance, timely regulatory compliance, and safeguard shareholder interests by facilitating the prompt appointment of a new auditor.