Cupid Breweries and Distilleries Limited has submitted an additional regulatory disclosure regarding the resignation of Independent Director Mr. Ajay Gandeja, acknowledging an inadvertent delay in meeting prescribed filing timelines. The company filed the supplementary disclosure on April 06, 2026, following its initial announcement dated April 02, 2026.

Additional Regulatory Filing

The company submitted the additional disclosure pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, in continuation of its earlier announcement. The filing addresses compliance requirements under SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Timeline Compliance Acknowledgment

Cupid Breweries acknowledged that there was a delay in submission of the disclosure within the prescribed timeline, which the company described as inadvertent. The additional filing ensures complete regulatory compliance following the director's departure.

Director Resignation Impact

Mr. Ajay Gandeja's resignation creates significant changes in the company's governance structure. His departure affects key committee positions that require immediate attention:

• Chairman of Audit Committee - position becomes vacant
• Member of Nomination and Remuneration Committee - membership ceases

Regulatory Documentation

The company confirmed that all required documentation has been submitted to BSE Limited, including:

• Formal resignation letter from Mr. Gandeja
• Written confirmation stating no material reasons exist beyond those mentioned
• Compliance with Schedule III requirements
• Additional disclosure addressing timeline concerns

Company Operations

Cupid Breweries and Distilleries Limited operates as blenders, bottlers, and brewers in the alcoholic beverages sector. The company maintains operations across multiple locations with its registered office in Mumbai.

The additional regulatory filing demonstrates the company's commitment to maintaining transparency and compliance with SEBI regulations despite the inadvertent delay in initial submission timelines.

Cupid Breweries and Distilleries has officially completed the acquisition of 32,160 square meters of land in Goa for establishing a new alcohol beverage manufacturing unit. The company informed BSE Limited through a regulatory filing under Regulation 30 of SEBI (LODR) Regulations, 2015, confirming the registration of the Sale Deed on March 24, 2026.

Land Acquisition Details

The company successfully executed and registered the Sale Deed before the jurisdictional Sub-Registrar in Goa. The acquisition represents a significant milestone in the company's expansion strategy:

Strategic Manufacturing Expansion

According to the regulatory filing signed by CFO & Company Secretary Sachin Rawat, this acquisition aligns with Cupid Breweries and Distilleries' long-term strategic objective of establishing substantial own production facilities. The company aims to strengthen its position as a major player in the alcoholic beverages industry through this expansion.

Regulatory Compliance

The land acquisition was formally communicated to BSE Limited with scrip code 512361 and ISIN INE108G01010. The company maintains its registered office in Mumbai and operates corporate offices in Hyderabad and marketing office in Bangalore, demonstrating its pan-India presence.

Market Positioning Impact

The Goa facility establishment represents Cupid Breweries and Distilleries' commitment to expanding its manufacturing footprint across India. This strategic move positions the company to enhance its production capabilities and serve the growing demand in the Indian alcoholic beverages market more effectively.