Announced Thu, 2 Apr · 17:38 IST

Mr. Ajay Gandeja (DIN: 08663702), Independent Director of the Company has resigned from the Board of the Company w.e.f. March 29, 2026.

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Price reaction · full curve 14 horizons · vs prior close
+10.2%1-day move
₹21.31
prior close
₹22.37
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+0.0+0.0+0.0+0.0+10.2+15.7+21.4+27.5+33.8+47.5+66.0+71.3+25.0+52.5
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AI summary

Mr. Ajay Gandeja has resigned as Independent Director of Cupid Breweries and Distilleries Ltd effective March 29, 2026, citing pre-occupancy as the reason. He also ceases to be Chairman of the Audit Committee and member of the Nomination and Remuneration Committee. The company has received confirmation from Mr. Gandeja that there are no material reasons behind his resignation other than the stated pre-occupancy. He continues to hold an independent directorship at Jet Freight Logistics Limited where he is also Chairman of their Audit Committee. The resignation has been filed under Regulation 30 of SEBI Listing Regulations.

Likely market impact

This resignation removes an independent director and committee chair from the board, which could temporarily impact board composition and audit committee functioning. The stated reason of pre-occupancy and confirmation of no material issues suggests a routine departure with minimal market impact.