Corrigendum to the Public Announcement, Detailed Public Statement, Draft Letter of Offer and earlier Corrigendum dated September 22, 2025 received by the Company from Saffron Capital Advisors ....
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Cupid Breweries and Distilleries Ltd has submitted a corrigendum (correction) to the earlier Public Announcement, Detailed Public Statement, and Draft Letter of Offer for an open offer to acquire up to 9,60,000 fully paid-up equity shares from public shareholders. The offer price is ₹71.80 per share (including interest of ₹11.80), aggregating to about ₹6.89 crore, representing 100% of the existing public shareholding (1.85% of the total voting share capital). The acquirers are Erramilli Venkatachalam Prasad and Rodrigues Bhagvandas Lily, along with PAC Erramilli Rishab, acting under SEBI Takeover Regulations. The interest component is calculated at 10% per annum for 717 days. Saffron Capital Advisors is managing the offer, and the corrigendum was published on October 13, 2025, in Financial Express, Janasatta, and Navshakti newspapers.
This corrigendum corrects earlier disclosures related to the ongoing open offer — existing public shareholders should review the revised terms carefully and note the November 24, 2025 payment date. The small size of public shareholding (just 1.85%) means only a limited number of shares are available for tendering, and the offer price essentially reflects the original price plus 10% annual interest for the delayed acquisition timeline.