Appointment of M/s. MMRS & Co., Chartered Accountants as a Statutory Auditor of the Company to fill the casual vacancy caused due to resignation of M/s. H Rajen & Co., Chartered Accountants.
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Cupid Breweries has appointed M/s. MMRS & Co., Chartered Accountants, as its new Statutory Auditor with effect from December 21, 2025, after the previous auditor M/s. H. Rajen & Co. resigned, creating a casual vacancy. Shareholders approved the change through a Postal Ballot, and the new auditor will serve until the conclusion of the 40th Annual General Meeting in 2026. M/s. MMRS & Co. is a peer-reviewed firm with experience in statutory audits, bank audits, and corporate compliance. The company acknowledged that it had inadvertently delayed submitting the formal intimation under Regulation 30 to the stock exchange and is now filing it.
For retail investors, this is a routine auditor change at a small-cap company. The replacement of one audit firm by another mid-term is common and does not by itself affect operations or shareholder value, but investors may want to track whether any further details emerge on why the previous auditor resigned.