Announcement under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015- Update on SOP fine
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Awaiting price reaction for this filing.
Cupid Breweries and Distilleries had been penalised by BSE with an SOP (Standard Operating Procedure) fine for delaying the submission of its audited financial results for the quarter and year ended March 31, 2025, under Regulation 33 of SEBI's Listing Rules. The company had applied to BSE for a waiver of this fine, but on October 3, 2025, BSE's Internal Regulatory Oversight and Review Group rejected the waiver request. The fine of Rs. 1,47,500 (including GST) has now been paid in full by the company on October 13, 2025. The company has committed to ensuring stricter compliance with SEBI Listing Regulations going forward.
The fine amount is small and immaterial to the company's financials, so the direct share price impact should be negligible. However, the episode highlights past compliance lapses in timely financial reporting, which retail investors may want to track for any recurrence.