Announced Tue, 7 Apr · 22:37 IST

Appointment of Mr. Rohit Shetty (DIN: 07224494) as an additional Independent Director of the Company w.e.f. April 07, 2026.

Management Changes View source PDF

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Price reaction · full curve 14 horizons · vs prior close
+10.2%1-day move
₹23.48
prior close
₹24.65
base price
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+0.0+0.0+0.0+0.0+10.2+15.7+21.5+27.5+33.9+45.7+41.8+54.4+13.5+38.4
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AI summary

The Board of Directors of Cupid Breweries And Distilleries Ltd approved the appointment of Mr. Rohit Shetty (DIN: 07224494) as an Additional Independent Director with effect from April 07, 2026. Mr. Shetty is a Chartered Accountant with over 15 years of experience in finance, taxation, audit, and advisory services, currently associated with NS Shetty & Co. and RSS & Associates. The appointment is subject to shareholder approval. Separately, Mr. Sachin Rawat, who serves as CFO and Company Secretary, was also designated as Group Company Secretary in addition to his existing roles, effective the same date.

Likely market impact

The addition of an experienced chartered accountant as an Independent Director is positive for governance, bringing additional financial oversight expertise to the board. The appointment requires shareholder approval at the next general meeting.