The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Erramilli Venkatachalam Prasad & PAC
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Erramilli Venkatachalam Prasad along with PAC Erramilli Rishab filed a disclosure under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 with BSE for Cupid Breweries and Distilleries Ltd on April 16, 2025. The combined promoter group holding stands at 1,15,67,208 equity shares, representing 22.25% of the company's voting capital. The percentage holding remained unchanged both before and after the reported transaction, indicating an internal reclassification or inter-se transfer within the promoter group rather than a fresh market purchase or sale. The acquirers are identified as part of the promoter/promoter group of the company.
Existing shareholders see no change in promoter ownership — the 22.25% stake is identical pre and post the reported event, so there is no dilution, accretion, or shift in control. The filing is largely procedural and confirms a stable promoter holding well below the 50% controlling threshold.