Committee of Independent Directors of Cupid Breweries And Distilleries Ltd submitted to BSE a copy of recommendation of Committee of Independent Directors for the Open Offer to the Public ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.7 pts less than Nifty Microcap 250 and 2.4 pts less than its Breweries & Distilleries peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The Committee of Independent Directors of Cupid Breweries and Distilleries Ltd submitted its recommendation on the open offer to BSE on October 22, 2025. The open offer is by Erramilli Venkatachalam Prasad, Rodrigues Bhagvandas Lily (acquirers), along with Erramilli Rishab (PAC), for up to 9,60,000 equity shares (representing 100% of the public shareholding, or 1.85% of total voting capital) at ₹71.80 per share, including ₹11.80 interest for 717 days of delay. The total offer size aggregates to approximately ₹6.89 crore. The IDC has opined that the revised offer price is fair and reasonable and in line with SEBI Takeover Regulations, but flagged that the shares are trading on BSE at a price higher than the offer price, advising shareholders to independently evaluate before tendering.
This is a procedural filing under SEBI takeover rules — the open offer itself was triggered earlier in February 2025. The offer price of ₹71.80 is below current market price, so retail shareholders are unlikely to find it attractive to tender. No new material impact on share price expected from this announcement alone.