Annual Secretarial Compliance Report for the financial year ended March 31, 2026.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Cupid Breweries and Distilleries Limited has submitted its Annual Secretarial Compliance Report for FY 2025-26. The company disclosed two regulatory violations under Regulation 33 of SEBI LODR: delayed filing of Q4/FY2025 results by 25 days (Rs 1.25 lakh fine, paid) and delayed filing of Q2/H1 2025 results by 75 days (Rs 3.70 lakh fine, paid). Both delays stemmed from issues with Statutory Auditor M/s H Rajen & Co., who resigned on November 16, 2025, without issuing the required Limited Review Report for Q2. The company appointed M/s MMRS & Co. as replacement auditor. While most compliance areas passed, the auditor resignation process did not follow SEBI requirements regarding prior intimation to Audit Committee and formal disclosures.
The delays in financial result filings and auditor resignation issues highlight operational risks in the company's compliance processes. While fines have been paid, the Statutory Auditor transition raises concerns about internal controls and may warrant attention from investors regarding governance practices.