Notice of Postal Ballot under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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Awaiting price reaction for this filing.
Cupid Breweries and Distilleries has issued a postal ballot notice seeking shareholder approval through two special resolutions for the appointment of Mr. Sajid Bijnori (DIN: 02666906, 51 years) and Mr. Ajay Gandeja (DIN: 08663702, 52 years) as Independent Directors of the company. Both are proposed for a 5-year term from June 18, 2025 to June 17, 2030. Both directors were originally appointed as Additional Independent Directors on March 7, 2025, but their first term expired on June 6, 2025, requiring fresh shareholder approval. Neither director holds any shares in the company. The remote e-voting window runs from June 20, 2025 (9:00 a.m.) to July 19, 2025 (5:00 p.m.), with June 13, 2025 as the cut-off date for voting eligibility. Mrs. Bhumika Shah of M/s Bhumika & Co., Practicing Company Secretaries, has been appointed as scrutinizer, and NSDL is providing the e-voting platform.
This is a routine corporate governance action to regularize the appointment of Independent Directors after their initial term lapsed. It is procedural in nature with no direct financial impact on shareholders and is unlikely to materially affect the stock price.