Postal Ballot Notice dated November 18, 2025 along with Explanatory Statement is enclosed.
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Awaiting price reaction for this filing.
Cupid Breweries and Distilleries has issued a Postal Ballot Notice seeking shareholder approval to appoint M/s. MMRS & Co., Chartered Accountants as the new Statutory Auditor. This appointment fills the casual vacancy created by the resignation of the previous auditor, M/s. H. Rajen & Co. The proposed audit fee for FY 2025-26 is set at ₹1,25,000 plus applicable taxes, with the company stating there is no material change from the fee paid to the outgoing auditor. The new auditor will serve until the conclusion of the 40th Annual General Meeting. Shareholders can cast their votes electronically via NSDL's e-voting platform between November 22, 2025 and December 21, 2025.
This is a routine governance action triggered by the previous auditor's resignation and is unlikely to have a material impact on the stock price. Shareholders are encouraged to review the credentials of M/s. MMRS & Co. and vote during the e-voting window.