Cupid Breweries And Distilleries Ltd — Important, 17-11-2025: Company Update

Cupid Breweries and Distilleries informs shareholders about the resignation of its statutory auditor, M/s. H Rajen & Co. The auditor cited difficulties with receiving acceptable data and documents for a limited review audit, along with "peer pressure" from the board/management, as reasons for their immediate departure. The company is now awaiting additional information from the auditor as part of the process. This significant change in auditors, particularly given the stated reasons, is a key corporate governance development that may impact investor confidence and warrants close attention regarding the company's financial transparency.