Saffron Capital Advisors Pvt Ltd ("Manager to the Open Offer") has submitted to BSE a copy of Reminder Advertisement dated October 29, 2025 in relation to the Open Offer of Cupid Breweries ....
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Saffron Capital Advisors, acting as Manager to the Offer, has published a Reminder Advertisement on October 30, 2025 in Financial Express, Janasatta, and Navshakti for an Open Offer to acquire up to 9,60,000 fully paid-up equity shares of Cupid Breweries and Distilleries Ltd at ₹71.80 per share (inclusive of ₹11.80 interest at 10% per annum for 717 days), aggregating up to ₹6.89 crore. The offer size equals 100% of the pre-preferential public shareholding, which represents just 1.85% of the existing voting share capital. The Acquirers are Erramilli Venkatachalam Prasad and Rodrigues Bhagvandas Lily, along with Person Acting in Concert (PAC) Erramilli Rishab, making this offer under SEBI (SAST) Regulations, 2011. Eligible public shareholders holding physical shares who have not received the Letter of Offer can request a soft copy from the Registrar Cameo Corporate Services.
Public shareholders can tender their shares at ₹71.80 per share (including interest) until the offer closes around November 24, 2025. With public float being just 1.85% of voting capital, liquidity for remaining shareholders may remain thin post-offer; this is essentially a regulatory mop-up offer rather than a major change-of-control event.