Announcement under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
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Cupid Breweries and Distilleries Ltd informed BSE that its request for waiver of the Standard Operating Procedure (SOP) fine has been rejected by BSE's Internal Regulatory Oversight and Review Group. The fine of ₹1,47,500 (including GST) was originally levied for the company's delay in submitting audited financial results for the quarter and financial year ended March 31, 2025 under Regulation 33 of SEBI Listing Regulations. The company has acknowledged the decision and stated it will pay the fine within the prescribed timeline and comply with all related reporting obligations.
The company must pay ₹1,47,500 in fines, a relatively minor amount. This is a regulatory compliance lapse disclosure and unlikely to have a material impact on the stock price, though it reflects governance weaknesses in timely financial reporting.