Mr. Arpit Shah (DIN: 07499195), Independent Director of the Company has resigned from the Board of the Company w.e.f. April 06, 2026.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Mr. Arpit Shah has resigned as Independent Director of Cupid Breweries and Distilleries Limited effective April 6, 2026. His resignation letter reveals serious governance concerns including lack of adequate internal controls and persistent deviations from established governance processes. The director cited that board and committee meetings were consistently convened with extremely short notice, sometimes with less than an hour between receipt of agenda papers and the meeting itself. Examples given show notices received just 3 hours, less than 1 hour, and 2 hours before meetings. He stated this created a unilateral, monologue-driven decision-making environment that materially limited the ability of Independent Directors to contribute effectively. He confirmed no other material reasons exist for his resignation.
This resignation signals potential governance weaknesses at the company and may raise concerns among investors about internal controls, board independence, and decision-making transparency. The company will need to appoint a replacement independent director and address committee memberships.