Announcement under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 4.7 pts less than Nifty Microcap 250 and 4.5 pts less than its Breweries & Distilleries peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Cupid Breweries and Distilleries has received a fine of Rs. 1,50,000 (excluding GST) from BSE Limited for late submission of its unaudited financial results for the quarter and half-year ended September 30, 2025. The delay was caused because the company's statutory auditor, M/s H Rajen & Co., failed to provide the limited review report despite repeated follow-ups, and subsequently resigned on November 16, 2025. A new auditor, M/s MMRS & Co., was appointed on November 18, 2025 to fill the casual vacancy, with shareholder approval via postal ballot scheduled for December 21, 2025. The company had already submitted detailed explanations to BSE on November 15 and December 10, 2025, and is now filing a representation seeking a waiver of the fine.
The financial impact is minimal at just Rs. 1.5 lakh, and the company is actively contesting the fine with a waiver request. However, the episode highlights governance and audit-related red flags — auditor resignation and delayed financial reporting — which may concern investors about internal financial controls.