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 has resigned as Independent Director of Cupid Breweries and Distilleries Ltd effective April 7, 2026. In his resignation letter, he cited persistent governance issues including lack of adequate internal controls and deviations from established governance processes. He noted that executive management functioning had become unilateral with decisions made in a monologue-driven environment. A key concern raised was that board meeting notices were issued just 2-3 hours before the meetings, materially limiting the ability of Independent Directors to contribute effectively. He confirmed there are no other material reasons beyond those stated. As a result, he also ceases to be Chairman of the Nomination and Remuneration Committee and member of the Audit Committee and Stakeholders Relationship Committee.
This resignation signals governance red flags at the company. The Independent Director's explicit concerns about internal control weaknesses and unilateral decision-making could raise concerns among investors about board effectiveness and corporate governance standards.