Appointment of Mr. Sachin Rawat as a Chief Financial Officer of the Company in addition to his role as a Company Secretary & Compliance Officer
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Cupid Breweries and Distilleries held a board meeting on August 30, 2025 with four key approvals. First, the 39th Annual General Meeting was scheduled for September 27, 2025, to be held via video conference. Second, Mr. Sachin Rawat, who already serves as Company Secretary and Compliance Officer, was additionally appointed as Chief Financial Officer to fill the casual vacancy left by the resignation of Mr. Naresh Tadikonda. Third, M/s. H.M. Shah & Co. was appointed as Internal Auditor for FY 2025-26 on the Audit Committee's recommendation. Fourth, the company disclosed that its Resolution Plan for acquiring SDF Industries Limited through the Corporate Insolvency Resolution Process (CIRP) route, submitted on August 23, 2025, has resulted in the company being shortlisted again.
The CFO transition is an internal reshuffle — an existing officer takes on additional responsibility — which avoids leadership disruption but may warrant a closer look at why the previous CFO departed. The shortlisted CIRP bid for SDF Industries is the most material item, as a successful acquisition could meaningfully reshape the company's size and business mix if it eventually goes through.