Summary of Proceedings of the 39th Annual General Meeting of the Company held on September 30, 2025
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Cupid Breweries and Distilleries held its 39th AGM on September 30, 2025, via video conferencing from 12:00 noon to 12:23 PM. Chairman and MD Mr. Erramilli Venkatachalam Prasad presided over the meeting, with CFO and Company Secretary Mr. Sachin Rawat conducting the proceedings. Three business items were transacted: adoption of audited standalone financial statements for FY ending March 31, 2025, re-appointment of Dr. Lily Bhagvandas Rodrigues (who retires by rotation), and appointment of M/s Bhumika & Co. as Secretarial Auditor for a five-year term from FY 2025-26 to FY 2029-30. The Statutory Auditor's Report and Secretarial Audit Report contained qualifications, which the Finance Director and management addressed during the meeting. Six directors attended through VC, including three independent directors. Remote e-voting ran from September 27 to September 29, 2025, with e-voting also kept open for 15 minutes after the AGM.
No immediate stock price catalyst; the AGM was a routine procedural meeting where all items were transacted. Investors should watch for the consolidated e-voting results, which will be submitted to stock exchanges separately, and note the auditor qualifications that were flagged for transparency.