Resignation of Mr. Naresh Tadikonda from the position of Chief Financial Officer of the Company
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Mr. Naresh Tadikonda has resigned from the position of Chief Financial Officer of Cupid Breweries and Distilleries Limited, effective from the close of business hours on 31 May 2025. The reason cited is to pursue enhanced professional development outside the organization. He had been associated with the company for approximately nine months. The Board has acknowledged his contributions and his resignation letter is enclosed with the filing.
The company has lost a key finance leader after a relatively short tenure of around nine months. Investors may want to watch for a timely appointment of a new CFO, as prolonged vacancy at this level can create uncertainty around financial reporting and controls.