<SUBMISSION>
<ACCESSION-NUMBER>0001299933-09-000341
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>2
<PERIOD>20090121
<ITEMS>5.02
<ITEMS>7.01
<FILING-DATE>20090121
<DATE-OF-FILING-DATE-CHANGE>20090121
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>Castle Brands Inc
<CIK>0001311538
<ASSIGNED-SIC>2080
<IRS-NUMBER>000000000
<FISCAL-YEAR-END>0331
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>8-K
<ACT>34
<FILE-NUMBER>001-32849
<FILM-NUMBER>09537300
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>570 LEXINGTON AVE
<CITY>NEW YORK
<STATE>NY
<ZIP>10022
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>570 LEXINGTON AVE
<CITY>NEW YORK
<STATE>NY
<ZIP>10022
</MAIL-ADDRESS>
</FILER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>htm_30927.htm
<DESCRIPTION>LIVE FILING
<TEXT>
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<TITLE> Castle Brands Inc. (Form: 8-K) </TITLE>
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		UNITED STATES<BR>
	SECURITIES AND EXCHANGE COMMISSION
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	WASHINGTON, D.C. 20549
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	FORM 8-K
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	CURRENT REPORT
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	Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934
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	Date of Report (Date of Earliest Event Reported):
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	January 21, 2009
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	Castle Brands Inc.
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<BR>__________________________________________<BR>
	(Exact name of registrant as specified in its charter)
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	Delaware
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	001-32849
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	41-2103550
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_____________________<BR>
	(State or other jurisdiction
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_____________<BR>
	(Commission
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______________<BR>
	(I.R.S. Employer
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	of incorporation)
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	File Number)
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	Identification No.)
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	570 Lexington Avenue, 29th Floor, New York, New York
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	10022
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_________________________________<BR>
	(Address of principal executive offices)
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	&nbsp;
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___________<BR>
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	Registrant&#146;s telephone number, including area code:
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	(646) 356-0200
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	Not Applicable
<BR>______________________________________________<BR>
	Former name or former address, if changed since last report
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	&nbsp;
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Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any
of the following provisions:</FONT>
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[&nbsp;&nbsp;]&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<br>
[&nbsp;&nbsp;]&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<br>
[&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<br>
[&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<br>
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	Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
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(c)<br><br>Effective January 21, 2009, John Glover's title was changed from Chief Operating Officer-U.S. Operations to Chief Operating Officer and Alfred J. Small's title was changed from Senior Vice President, Chief Financial Officer and Treasurer to Senior Vice President, Chief Financial Officer, Treasurer and Secretary.  Except as set forth below, the terms of their employment otherwise remain unchanged.<br><br>(e) <br><br>2003 Stock Incentive Plan<br><br>Effective January 21, 2009, Castle Brands Inc. ("CBI") amended its 2003 Stock Incentive Plan, as amended, to increase the number of shares available to be granted under the plan from two million to 12 million and to establish the maximum number of shares issuable to any one individual in any particular year.  The amendment was approved by a majority of the Company's stockholders at the annual stockholder meeting held on January 21, 2009.<br><br>Restricted Stock Grants<br><br>As previously reported, on December 16, 2008, the CBI Compensation Committee approved the grant of restricted common stock in lieu of cash retention payments under the retention agreements dated June 15, 2008 between CBI and each of Messrs. John Glover, T. Kelley Spillane and Alfred J. Small. Messrs. Glover, Spillane and Small will receive 214,286, 214,286 and 150,000 restricted common shares, respectively. The restricted stock will vest in two equal annual installments on each anniversary of the date of grant. The grants were subject to stockholder approval of an increase in the number of shares available under the plan, which occurred at the annual stockholder meeting held on January 21, 2009. <br><br>Option Grants<br><br>Options to purchase an aggregate of 1.3 million shares of common stock under the plan previously granted to Micaela Pallini, Phillip Frost, M.D., Glenn L. Halpryn and Richard J. Lampen, four of CBI's directors, became effective upon stockholder approval of the plan amendment. <br>
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	Item 7.01 Regulation FD Disclosure.
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On January 21, 2009, CBI issued a press release announcing the results of its annual stockholder meeting.  A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
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	SIGNATURES
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	Pursuant to the requirements of the Securities Exchange Act of 1934, the
	registrant has duly caused this report to be signed on its behalf by the
	undersigned hereunto duly authorized.
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	Castle Brands Inc.
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	January 21, 2009
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	By:
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	/s/ Alfred J. Small
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	Name: Alfred J. Small
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	Title: Senior Vice President and Chief Financial Officer
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	Exhibit&nbsp;Index
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	Exhibit No.
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	Description
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	99.1
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	&nbsp;
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Press Release issued by Castle Brands Inc. on January 21, 2009
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<TYPE>EX-99.1
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<P align="right" style="font-size: 10pt"><FONT style="font-size: 12pt">EXHIBIT 99.1</FONT>



<P align="left" style="font-size: 12pt"><U>FOR IMMEDIATE RELEASE</U>


<P align="left" style="font-size: 12pt">Contact: Paul Caminiti/Carrie Bloom/Jonathan Doorley


<P align="left" style="font-size: 12pt; text-indent: 9%">Sard Verbinnen &#038; Co


<P align="left" style="font-size: 12pt; text-indent: 8%">212/687-8080


<P align="center" style="font-size: 12pt"><FONT style="font-size: 14pt"><B><I>Castle Brands Stockholders Approve All Proposals at Annual Meeting</I></B></FONT>



<P align="left" style="font-size: 14pt"><FONT style="font-size: 12pt"><B>NEW YORK, January&nbsp;21, 2009 &#151; </B>Castle Brands Inc. (AMEX:ROX), an emerging developer and
international marketer of premium branded spirits, announced that its stockholders approved the
following matters at its Annual Meeting held today:
</FONT>

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    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Election of Mark Andrews, John F. Beaudette, Henry C. Beinstein, Harvey P. Eisen,
Phillip Frost, M.D.,&nbsp;Glenn L. Halpryn, Richard J. Lampen, Micaela Pallini and Steven D.
Rubin to serve on its board of directors until the next annual meeting of stockholders;</TD>
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<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>An amendment to the Company&#146;s amended and restated certificate of incorporation
increasing the authorized shares of capital stock from 45&nbsp;million shares to
250&nbsp;million&nbsp;shares, of which 225&nbsp;million are designated as common stock and 25&nbsp;million are
designated as preferred stock;</TD>
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    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>An amendment to the Company&#146;s amended and restated certificate of incorporation
permitting its stockholders to act by written consent; and</TD>
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<P>
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<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">4.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>An amendment to the Company&#146;s 2003 Stock Incentive Plan increasing the number of shares
available to be granted under the plan from two million to 12&nbsp;million and establishing the
maximum number of shares issuable to any one individual in any particular year.</TD>
</TR>

</TABLE>


<P align="left" style="font-size: 12pt">The amendments to the Company&#146;s amended and restated certificate of incorporation were filed with
the Delaware Secretary of State on January&nbsp;21, 2009 and became effective at the time of filing.


<P align="left" style="font-size: 12pt"><U>$15 Million Private Placement and Note Conversion</U>


<P align="left" style="font-size: 12pt">As previously announced, in October&nbsp;2008, the Company completed the sale of 1.2&nbsp;million shares of
newly issued Series&nbsp;A Convertible Preferred Stock for $15&nbsp;million at a purchase price of $12.50 per
share (upon conversion, $0.35 per share of common stock). Concurrently with the closing, all of the
Company&#146;s 6% convertible notes, in the principal amount of $9&nbsp;million, due March&nbsp;1, 2010, plus
accrued interest, were converted into shares of Series&nbsp;A Preferred Stock at a per share price of
$23.21 (upon conversion, $0.65 per share of common stock). Additionally, substantially all of the
outstanding principal of Castle Brands (USA)&nbsp;Corp.&#146;s 9% senior secured notes, in the principal
amount of $10&nbsp;million, due May&nbsp;31, 2009, plus accrued interest, were converted into shares of
Series&nbsp;A Preferred Stock at a per share price of $12.50 (upon conversion, $0.35 per share of common
stock).


<P align="left" style="font-size: 12pt">Upon amendment of the Company&#146;s amended and restated certificate of incorporation to increase the
number of authorized shares, all outstanding shares of Series&nbsp;A Convertible Preferred Stock
automatically converted into common stock, resulting in the Company&#146;s issuance of approximately 86
million shares of common stock. The stockholders who held Series&nbsp;A Preferred Stock (comprised of
the investors and the converting note holders) own approximately 85% of the Company&#146;s common stock.


<P align="left" style="font-size: 12pt"><U><B>About Castle Brands Inc. </B></U>
<BR>
Castle Brands is an emerging developer and international marketer of premium branded spirits within
four categories of the spirits industry: vodka, rum, whiskey and liqueurs/cordials. Castle Brands&#146;
portfolio includes, Gosling&#146;s Rum&#174;, Pallini&#174; Limoncello(TM), Raspicello(TM) and Peachcello(TM),
Knappogue Castle Whiskey&#174;, Clontarf&#174; Irish Whiskey, Jefferson&#146;s(TM) and Jefferson&#146;s Reserve&#174;
Bourbon, Sam Houston&#174; Bourbon, Boru&#174; Vodka, Celtic Crossing&#174; Liqueur, Sea Wynde&#174; Rum and Brady&#146;s&#174;
Irish Cream.



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