Nature of the Event

This is a regulatory disclosure submitted to the BSE Limited, detailing the results of a Postal Ballot process conducted by the company. The ballot sought shareholder approval for two special resolutions.

Key Quantitative Figures & Voting Results

Resolution 1: Approval for Strategic acquisition of manufacturing unit from United Spirits Limited

  • Total Votes Polled: 63,557,206 shares (100% of outstanding shares on record date)
  • Votes in Favor: 63,551,355 shares (99.9908% of votes polled)
  • Votes Against: 5,851 shares (0.0092% of votes polled)
  • Promoter & Promoter Group Voting: Voted entirely in favor with 49,328,999 shares (100% of their holding).
  • Public Non-Institutions Voting: Voted 14,222,356 shares in favor (99.9589%) and 5,851 shares against (0.0411%).
  • Public Institutions Voting: Did not cast any votes.
  • Result: The resolution was passed.

Resolution 2: Appointment of Mr. Rohit Shetty (DIN: 07224494) as an Independent Director

  • Total Votes Polled: 63,557,206 shares (100% of outstanding shares on record date)
  • Votes in Favor: 63,551,355 shares (99.9908% of votes polled)
  • Votes Against: 5,851 shares (0.0092% of votes polled)
  • Promoter & Promoter Group Voting: Voted entirely in favor with 49,328,999 shares (100% of their holding).
  • Public Non-Institutions Voting: Voted 14,222,356 shares in favor (99.9589%) and 5,851 shares against (0.0411%).
  • Public Institutions Voting: Did not cast any votes.
  • Result: The resolution was passed.

Dates of Action

  • Postal Ballot Notice Date: May 18, 2026
  • Intimation Letter to Exchange Date: May 29, 2026
  • Record Date (Cut-off date): May 22, 2026
  • E-Voting Commencement: May 30, 2026 (09:00 A.M. IST)
  • E-Voting Conclusion: June 28, 2026 (05:00 P.M. IST)
  • Vote Download & Scrutiny: June 29, 2026 (02:09 P.M.)
  • Scrutinizer's Report Date: June 30, 2026
  • Result Declaration Date: June 30, 2026

Parties Involved

  • Counterparty for Acquisition: United Spirits Limited
  • Appointee: Mr. Rohit Shetty (DIN: 07224494)
  • Scrutinizer: Ms. Neha Poddar, Practicing Company Secretary (Certificate of Practice No. 26322)
  • E-Voting Service Provider: National Securities Depository Limited (NSDL)
  • Registrar and Transfer Agent (RTA): M/s. Satellite Corporate Services Private Limited
  • Company Signatory: Mr. Sachin H Singh Rawat, CFO & Company Secretary

Process and Regulatory Compliance

The Postal Ballot was conducted pursuant to:

  • Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
  • Sections 108 and 110 of the Companies Act, 2013.
  • Rules 20 and 22 of the Companies (Management and Administration) Rules, 2014.
  • MCA General Circulars No. 14/2020, 17/2020, and 03/2025.
  • The notice was dispatched via email only (no physical copies) to shareholders registered with NSDL or the company as of the record date.

The scrutinizer confirmed the process was fair and transparent. All electronic voting records were downloaded in the presence of independent witnesses and reconciled with the RTA's records.

Financial Impact

The disclosure does not quantify the financial impact of the strategic acquisition from United Spirits Limited.

#Tags: #CupidBreweries #UnitedSpirits #SEBIDisclosure #RegulatoryCompliance #PostalBallot #Neutral