Cupid Breweries and Distilleries has officially informed BSE Limited about the resignation of Mr. Sajid Bijnori as Independent Director, effective April 07, 2026. The announcement was made through a regulatory filing in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Director Resignation Details

Mr. Sajid Bijnori (DIN: 02666906) submitted his resignation from the Board of Directors due to governance-related concerns as outlined in his resignation letter. The Board of Directors acknowledged his valuable contributions during his tenure and extended best wishes for his future endeavors.

Committee Positions Affected

Following his resignation as Independent Director, Mr. Bijnori will also cease to hold the following positions:

• Chairman of Nomination and Remuneration Committee
• Member of Audit Committee
• Member of Stakeholders Relationship Committee

Governance Concerns Cited

In his resignation letter dated April 07, 2026, Mr. Bijnori outlined specific governance issues that led to his decision to step down:

Primary Concerns:

• Lack of adequate internal controls
• Deviations from established governance processes remaining unaddressed
• Unilateral functioning at executive management level
• Monologue-driven decision-making environment
• Persistent deviations from established procedures

Meeting Notice Issues

Mr. Bijnori specifically highlighted problems with meeting schedules, citing instances where meetings were called at very short notice:

According to his resignation letter, these short-notice meetings materially limited the ability of Independent Directors to contribute effectively and impacted the transparency and robustness expected in the company's governance framework.

Regulatory Compliance

The company confirmed that Mr. Bijnori holds no directorships in other listed entities and stated that there are no material reasons for his resignation other than those mentioned in the resignation letter. Cupid Breweries and Distilleries emphasized that it continues to maintain appropriate governance practices and processes in compliance with applicable laws.

The resignation letter and detailed regulatory disclosures have been submitted to BSE Limited as required under the listing regulations. The filing was digitally signed by CFO & Company Secretary Sachin Rawat on April 07, 2026.

Cupid Breweries and Distilleries Limited has submitted an additional regulatory disclosure regarding the resignation of Independent Director Mr. Ajay Gandeja, acknowledging an inadvertent delay in meeting prescribed filing timelines. The company filed the supplementary disclosure on April 06, 2026, following its initial announcement dated April 02, 2026.

Additional Regulatory Filing

The company submitted the additional disclosure pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, in continuation of its earlier announcement. The filing addresses compliance requirements under SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Timeline Compliance Acknowledgment

Cupid Breweries acknowledged that there was a delay in submission of the disclosure within the prescribed timeline, which the company described as inadvertent. The additional filing ensures complete regulatory compliance following the director's departure.

Director Resignation Impact

Mr. Ajay Gandeja's resignation creates significant changes in the company's governance structure. His departure affects key committee positions that require immediate attention:

• Chairman of Audit Committee - position becomes vacant
• Member of Nomination and Remuneration Committee - membership ceases

Regulatory Documentation

The company confirmed that all required documentation has been submitted to BSE Limited, including:

• Formal resignation letter from Mr. Gandeja
• Written confirmation stating no material reasons exist beyond those mentioned
• Compliance with Schedule III requirements
• Additional disclosure addressing timeline concerns

Company Operations

Cupid Breweries and Distilleries Limited operates as blenders, bottlers, and brewers in the alcoholic beverages sector. The company maintains operations across multiple locations with its registered office in Mumbai.

The additional regulatory filing demonstrates the company's commitment to maintaining transparency and compliance with SEBI regulations despite the inadvertent delay in initial submission timelines.