Additional disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015- Resignation of Independent Director
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Mr. Ajay Gandeja, Independent Director (DIN: 08663702) of Cupid Breweries And Distilleries Ltd, has resigned from the Board with effect from March 29, 2026. The stated reason is pre-occupation. This filing is a follow-up to an earlier announcement dated April 02, 2026. The company acknowledges there was a delay in submitting the disclosure within the prescribed timeline, which it attributes to being inadvertent. The resignation letter and confirmation stating no material reasons exist for the resignation (other than pre-occupation) were submitted with the earlier announcement.
The resignation of an independent director, especially with a delayed disclosure filing, may raise governance concerns for investors. The confirmation of no material reasons provides some reassurance, but the departure still reduces board independence.