Intimation regarding delay in finalization of Audited Financial Results for the Financial Year ended March 31, 2025 under Regulation 33 of SEBI (LODR) regulations, 2015.
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Cupid Breweries and Distilleries Limited has informed BSE that its audited financial results for the financial year ended March 31, 2025 have been delayed beyond the usual timeline required under SEBI's Listing Regulations. The company attributes the delay to two main reasons: the unexpected resignation of its Chief Financial Officer, which disrupted the preparation and review of financial statements, and an ongoing major corporate action involving equity share allotment and seeking listing/trading approval from BSE. The company has stated that the Board meeting to approve the audited results will be held at the earliest possible date.
Shareholders should note that the timely availability of audited financials is delayed, which may reduce visibility into the company's true financial health in the near term. A sudden CFO exit combined with a delayed audit can also raise concerns about governance and internal controls, potentially weighing on investor confidence until results are released.