Cupid Breweries and Distilleries Limited has announced the resignation of Independent Director Mr. Ajay Gandeja, effective March 29, 2026. The company informed BSE Limited through a regulatory filing dated April 02, 2026, in compliance with SEBI listing regulations.

Director Resignation Details

Mr. Ajay Gandeja, holding Director Identification Number (DIN) 08663702, submitted his resignation from the Board citing pre-occupancy as the primary reason for his departure. The resignation becomes effective from March 29, 2026.

Committee Positions Impact

With Gandeja's resignation, the company will experience changes in its committee structure. He served in key governance roles that will need to be filled:

• Chairman of Audit Committee - position will become vacant
• Member of Nomination and Remuneration Committee - membership will cease

The Board of Directors acknowledged his valuable contributions and support during his tenure as Independent Director.

Other Directorships

According to the regulatory disclosure, Mr. Gandeja holds directorship in other listed entities. He serves as Independent Director at Jet Freight Logistics Limited, where he also functions as Chairman of the Audit Committee.

Regulatory Compliance

The company has fulfilled all regulatory requirements under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing includes:

• Formal resignation letter from Mr. Gandeja dated March 29, 2026
• Detailed reasons for resignation
• Confirmation that no material reasons exist beyond those stated
• Information about other directorships held
• Compliance with Regulation 30 requirements

Mr. Gandeja provided written confirmation that there are no material reasons for his resignation other than those mentioned in his resignation letter, ensuring full transparency in the departure process.

Company Information

Cupid Breweries and Distilleries Limited, formerly known as Cupid Trades and Finance Limited, operates in the alcoholic beverages sector with business activities spanning blending, bottling, and brewing operations. The company maintains its registered office in Mumbai and operates corporate and marketing offices in Hyderabad and Bangalore respectively.

Cupid Breweries and Distilleries has officially completed the acquisition of 32,160 square meters of land in Goa for establishing a new alcohol beverage manufacturing unit. The company informed BSE Limited through a regulatory filing under Regulation 30 of SEBI (LODR) Regulations, 2015, confirming the registration of the Sale Deed on March 24, 2026.

Land Acquisition Details

The company successfully executed and registered the Sale Deed before the jurisdictional Sub-Registrar in Goa. The acquisition represents a significant milestone in the company's expansion strategy:

Strategic Manufacturing Expansion

According to the regulatory filing signed by CFO & Company Secretary Sachin Rawat, this acquisition aligns with Cupid Breweries and Distilleries' long-term strategic objective of establishing substantial own production facilities. The company aims to strengthen its position as a major player in the alcoholic beverages industry through this expansion.

Regulatory Compliance

The land acquisition was formally communicated to BSE Limited with scrip code 512361 and ISIN INE108G01010. The company maintains its registered office in Mumbai and operates corporate offices in Hyderabad and marketing office in Bangalore, demonstrating its pan-India presence.

Market Positioning Impact

The Goa facility establishment represents Cupid Breweries and Distilleries' commitment to expanding its manufacturing footprint across India. This strategic move positions the company to enhance its production capabilities and serve the growing demand in the Indian alcoholic beverages market more effectively.