Independent Director Ceases on Completion of Tenure
Mr. Rohit Shetty has ceased to be a Non-Executive and Independent Director, effective close of business hours on September 30, 2026.
- Director Cessation Date
- September 30, 2026
- Director Name
- Mr. Rohit Shetty
- Director Status
- Non-Executive and Independent Director
- Reason for Cessation
- Completion of tenure
- Postal Ballot Vote Conclusion
- June 28, 2026
What was shared
The company intimated BSE under Regulation 30 of the SEBI Listing Regulations that Mr. Rohit Shetty (an Independent Director) has ceased to hold office.
Key facts
- Cessation effective close of business hours on September 30, 2026.
- Reason: completion of tenure as Non-Executive and Independent Director.
- His appointment was approved by shareholders through a Postal Ballot, voting period concluded June 28, 2026, with office to be held up to September 30, 2026.
- Since this is a completion of term and not a resignation, items such as a resignation letter, detailed reasons and confirmation of no other material reasons were marked not applicable.
Board's note
The Board of Directors and Management placed on record their sincere appreciation for the contribution, guidance and services rendered by him during his tenure.
How investors may read this
An independent director stepping down at the natural end of an approved term is a routine, expected event rather than a sign of disagreement. Investors typically watch such updates to see how the board is reconstituted, since listed companies must maintain the required number of independent directors.
The update was signed by the CFO & Company Secretary of Cupid Breweries and Distilleries Limited (formerly Cupid Trades and Finance Limited).
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