The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Lily Bhagvandas Rodrigues
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Lily Bhagvandas Rodrigues, part of the promoter group of Cupid Breweries and Distilleries Ltd, has reduced her shareholding from 27.83% (1,44,64,959 shares) to 25.04% (1,30,16,073 shares), a decrease of 2.79% (14,48,886 shares). The transaction was carried out as an inter-se transfer of shares between immediate relatives within the promoter group, so the total promoter group holding in the company remains unchanged. The disclosure was filed under SEBI Takeover Regulations and the date of the transfer is January 1, 2026, with the filing made on January 3, 2026. No encumbrance (pledge/lien) was created or invoked as part of this transaction.
Since this is an internal reshuffling among promoter family members, the overall promoter shareholding in the company stays the same and there is no change in control. Short-term stock price impact is likely minimal, though some investors may watch for further rebalancing within the promoter group.