Cupid Breweries Appoints Two Additional Independent Directors
Cupid Breweries And Distilleries Ltd has appointed two new professionals as Additional Independent Directors following its Board meeting on July 02, 2026. The appointments include Mr. Meharbaba Prasad Kalidasu and Mr. Soundara Pandian.The company, which operates under the name Cupid Breweries And Distilleries Limited (formerly Cupid Trades and Finance Limited), welcomed both directors to strengthen its corporate governance framework.
Profile of Mr. Meharbaba Prasad Kalidasu
Mr. Meharbaba Prasad Kalidasu was appointed as an Additional Independent Director effective July 02, 2026. He brings over 38 years of experience in the banking sector, primarily gained with the State Bank of India (SBI).During his career at SBI, he held various leadership positions spanning Corporate Finance, Project Finance, Infrastructure Finance, Corporate Banking, Credit Appraisal, and Risk Management, including the role of Deputy General Manager. His expertise includes heading large corporate banking operations with business portfolios exceeding ₹60,000 crore. Mr. Kalidasu was also Senior Vice President (Syndication & Investment) at SBI's Bahrain office, focusing on corporate credit and investment portfolios. Academically, he holds a Bachelor’s Degree in Commerce (Hons.) and is a Certified Associate of the Indian Institute of Bankers.
Appointment of Mr. Soundara Pandian
Mr. Soundara Pandian was also appointed as an Additional Independent Director effective July 02, 2026. He is described as a banking and corporate governance professional with over 43 years of overall experience. This includes 34 years in banking, focusing on credit appraisal, project finance, trade finance, branch administration, and risk management, alongside nine years serving as a Director in corporates.Mr. Pandian holds a B.B.A. degree and is both CAIIB qualified and an IICA-MCA Certified Independent Director. His prior experience includes senior roles at Tamilnad Mercantile Bank Limited and City Union Bank Limited. Since 2018, he has served on the boards of various listed companies, contributing his knowledge in corporate governance and financial oversight.
| Director | Appointment Date | Key Expertise Areas | Years of Experience |
|---|---|---|---|
| Mr. Meharbaba Prasad Kalidasu | July 02, 2026 | Banking, Corporate Finance, Risk Management | Over 38 years |
| Mr. Soundara Pandian | July 02, 2026 | Banking, Corporate Governance, Project Finance | Over 43 years |
Stock Price Movement
Cupid Breweries And Distilleries Ltd settled at ₹32.46 on Thursday, edging higher by 3.74%. The stock moved throughout the day between a low of ₹31.85 and an intraday high of ₹32.80.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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