The Company has received a copy of reminder advertisement from Saffron Capital Advisors Private Limited ("Manager to the Open Offer") in relation to the Open Offer to the public shareholders ....
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The company has been served a reminder advertisement from Saffron Capital Advisors Private Limited (Manager to the Open Offer) regarding an open offer to public shareholders. The offer is for acquisition of up to 9,60,000 fully paid-up equity shares of face value ₹10 each at a price of ₹71.80 per share (including ₹11.80 interest calculated at 10% per annum for 717 days). The total offer size aggregates up to ₹6,89,28,000 (about ₹6.89 crore), representing 100% of pre-preferential public shareholding or 1.85% of existing voting share capital. Acquirers are Erramilli Venkatachalam Prasad and Rodrigues Bhagvandas Lily, along with Erramilli Rishab as Person Acting in Concert. The reminder advertisement was published on October 30, 2025 in Financial Express, Janasatta, and Navshakti. Payment to successful shareholders is scheduled for November 24, 2025.
Public shareholders of Cupid Breweries can tender their shares at ₹71.80 per share (which is well above the face value and includes interest compensation) before the tendering period closes around November 24, 2025. Shareholders holding physical shares may contact Cameo Corporate Services Limited for the Letter of Offer.