Cupid Breweries Shareholders Approve Appointment of Two Independent Directors

Cupid Breweries And Distilleries Limited, a company listed on the BSE with scrip code 512361, has successfully secured shareholder approval for the appointment of two new Independent Directors through a postal ballot process. The company sought approval for appointing Mr. Sajid Bijnori (DIN: 02666906) and Mr. Ajay Gandeja (DIN: 08663702) as Independent Directors, both through special resolutions.

Postal Ballot Details

The e-voting process for the postal ballot commenced on June 20, 2025, at 09:00 A.M. IST and concluded on July 19, 2025, at 05:00 P.M. IST. Mrs. Bhumika Shah, Proprietor of M/s. Bhumika & Co. (ACS: 37321, CP No.: 19635), Practicing Company Secretaries, Mumbai, was appointed as the scrutinizer for the postal ballot process.

Voting Results

According to the company's filing with the BSE, both special resolutions were passed with the requisite majority by shareholders. The official declaration of the voting results was made on July 22, 2025, in compliance with Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Corporate Governance Implications

The appointment of Mr. Sajid Bijnori and Mr. Ajay Gandeja as Independent Directors is a significant step for Cupid Breweries And Distilleries Limited. Independent directors play a crucial role in ensuring good corporate governance practices, providing objective oversight, and protecting the interests of all stakeholders, particularly minority shareholders.

Company Background

It's worth noting that the company was formerly known as Cupid Trades and Finance Limited, as mentioned in the BSE filing. The change to Cupid Breweries And Distilleries Limited suggests a shift in the company's business focus, although the exact nature and timing of this transition were not specified in the provided information.

The successful appointment of these new Independent Directors through a transparent postal ballot process demonstrates Cupid Breweries And Distilleries Limited's commitment to maintaining strong corporate governance standards and ensuring diverse perspectives on its board.