Non Banking Financial Company (NBFC)
Board Meeting7 April 2026 at 01:51 pm

Cupid Breweries And Distilleries Ltd: Independent Director, Mr. Sajid Bijnori, Resigns Citing Governance Issues

AI Summary

Mr. Sajid Bijnori, an Independent Director of Cupid Breweries And Distilleries Ltd, has resigned from his position effective from April 07, 2026. The resignation is due to lack of adequate internal controls and deviations from established governance processes. The decision comes after several months of unilateral functioning at the executive management level, which has limited the ability of Independent Directors to contribute effectively. Mr. Bijnori has confirmed that there are no other material reasons for his resignation.

Key Highlights

  • Mr. Sajid Bijnori resigns as Independent Director of Cupid Breweries And Distilleries Ltd.
  • Resignation due to lack of adequate internal controls and deviations from established governance processes.
  • Unilateral functioning at the executive management level limiting the ability of Independent Directors to contribute effectively.
  • No other material reasons for resignation, as confirmed by Mr. Bijnori.