Appointment of M/s. MMRS & Co., Chartered Accountant as a Statutory Auditor of the Company to fill the casual vacancy arising due to resignation of M/s. H. Rajen & Co. to hold office till ....
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The board of Cupid Breweries and Distilleries Ltd, at its meeting on November 18, 2025, approved multiple changes to its audit setup. M/s. MMRS & Co., Chartered Accountants, was appointed as the new statutory auditor to fill the casual vacancy caused by the resignation of M/s. H. Rajen & Co., and will hold office until the 40th Annual General Meeting, subject to shareholder approval. Separately, the internal auditor M/s. H M Shah & Co. was discontinued citing auditor independence concerns, and M/s. R Narsihma and Associates was appointed in their place for the remainder of FY2025-26. A notice for a postal ballot was also approved by the board. The company, formerly known as Cupid Trades and Finance Limited, trades on BSE under scrip code 512361.
For shareholders, the mid-term switch of the statutory auditor is a notable event — investors should watch for the reason behind H. Rajen & Co.'s resignation in any accompanying explanation. The discontinuation of the internal auditor on independence grounds may raise governance questions, though the prompt replacement suggests the board is maintaining audit continuity.