Announced Tue, 7 Apr · 22:33 IST

Board of Directors of the Company has discussed and approved the transactions as mentioned in the attached outcome.

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
After-mkt
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5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+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 met on April 7, 2026 and approved two key decisions. First, Mr. Rohit Shetty, a Chartered Accountant with over 15 years of experience in finance, taxation, audit, and advisory services, has been appointed as an Additional Independent Director, effective immediately. His appointment is subject to shareholder approval at the next general meeting. Second, Mr. Sachin Rawat, who currently serves as CFO, Company Secretary and Compliance Officer, has been additionally designated as Group Company Secretary to enhance corporate governance coordination across group entities.

Likely market impact

The appointment of an experienced Independent Director like Mr. Rohit Shetty is a positive governance development that could boost investor confidence. The expanded role for Mr. Rawat streamlines leadership responsibilities across the group.