Cupid breweries and distilleries Limited has issued a clarification to BSE Limited regarding significant movement in its share price, responding to an inquiry dated April 09, 2026. The company addressed concerns about unusual trading activity in its securities through an official communication signed by CFO and Company Secretary Sachin Rawat.

Regulatory Compliance and Disclosure

The company emphasized its adherence to regulatory requirements in its response to BSE's inquiry reference no. L/SURV/ONL/PV/APJ/2026-2027/3584. The management confirmed compliance with SEBI (LODR) Regulations, 2015 and stated that all material events, information, and disclosures affecting company operations and performance have been promptly communicated to stock exchanges within prescribed timelines.

Company's Position on Price Movement

The company explicitly stated that it is not aware of any material information or events, including impending announcements, that may have influenced the price movement of its securities. Management attributed the share price fluctuation purely to market-driven forces and confirmed no knowledge of specific reasons behind the movement.

Ongoing Commitment to Transparency

Cupid Breweries and Distilleries Limited reaffirmed its commitment to maintaining transparency with stock exchanges. The company assured continued compliance with applicable regulations and promised to keep BSE informed of any material events as required under regulatory frameworks. This response demonstrates the company's proactive approach to addressing market inquiries and maintaining investor confidence through clear communication.

The clarification was digitally signed by Sachin Rawat, who serves as both CFO and Company Secretary, on April 09, 2026, at 21:22:34 +05'30'. The company operates from multiple locations including registered office in Mumbai, corporate office in Hyderabad, and marketing office in Bangalore.

Cupid Breweries and Distilleries Limited has announced significant board appointments following its meeting held on April 07, 2026. The company has strengthened its governance structure through the appointment of a new Independent Director and the designation of a Group Company Secretary, demonstrating its commitment to enhanced corporate governance.

Independent Director Appointment

The Board of Directors approved the appointment of Mr. Rohit Shetty (DIN: 07224494) as an Additional Director in the capacity of Independent Director, effective April 07, 2026. This appointment is subject to approval by the company's shareholders and was made upon recommendation of the Nomination and Remuneration Committee.

Mr. Shetty brings substantial expertise to the board as a qualified Chartered Accountant with over 15 years of experience in finance, taxation, audit, and advisory services. He has been in professional practice since 2008 and currently serves as a Partner with NS Shetty & Co., Chartered Accountants, while also leading his independent practice, RSS & Associates.

His professional background encompasses:

• Statutory and internal audits
• Tax planning and compliance
• Financial reporting and advisory services
• Financial management and regulatory compliance
• Risk assessment and governance frameworks

Group Company Secretary Designation

The board also approved the designation of Mr. Sachin Rawat as Group Company Secretary, effective April 07, 2026. This appointment comes in addition to his existing roles as Chief Financial Officer, Company Secretary and Compliance Officer.

The board recognized Mr. Rawat's significant contributions, leadership, and continued commitment toward strengthening the company's governance, compliance, and financial framework. This designation aims to further enhance corporate governance framework and coordination across group entities.

Board Meeting Details and Regulatory Compliance

The board meeting commenced at 09:10 p.m. (IST) and concluded at 09:34 p.m. (IST) on April 07, 2026. During the meeting, the Board of Directors reaffirmed their commitment to act in the company's best interests and emphasized their intent to take prompt decisions to capitalize on beneficial opportunities aligned with corporate governance principles.

The appointments comply with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has communicated these developments to BSE Limited and made the required disclosures in accordance with regulatory requirements. The information has been made available on the company's website at www.cupidalcobev.com .