Mr. Sajid Bijnori (DIN: 02666906), Independent Director of the Company has resigned from the Board of the Company w.e.f. April 07, 2026.
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Mr. Sajid Bijnori, Independent Director of Cupid Breweries and Distilleries Ltd, has resigned from the Board effective April 7, 2026. His resignation letter cites significant governance concerns including lack of adequate internal controls, persistent deviations from established governance processes, and unilateral decision-making at the executive management level. He specifically noted that Board and Audit Committee meetings were being called with extremely short notice (as little as 2 hours), which materially limited his ability to contribute effectively. Mr. Bijnori was also Chairman of the Nomination and Remuneration Committee and member of the Audit Committee and Stakeholders Relationship Committee. He confirmed there are no additional material reasons beyond those stated in the resignation letter.
This resignation signals potential governance weaknesses in the company. The Independent Director's explicit concerns about internal controls and decision-making processes could raise red flags for investors and regulators, potentially affecting stock sentiment and regulatory scrutiny.