The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rodrigues Bhagvandas Lily
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Non-promoter Sri Venkata Rajeswara Rao Samavedam was allotted 1,05,71,277 equity shares (11.57%) of Cupid Breweries and Distilleries Ltd through a preferential allotment on March 02, 2026. His holding jumped from just 10,591 shares (0.02%) to 1,05,81,868 shares (11.58%), crossing the 10% substantial acquisition threshold that triggers SAST disclosure. The shares rank pari-passu with existing equity and carry full dividend rights. As a result, the company's total share count rose sharply from 5.20 crore to 9.13 crore shares, and equity capital expanded from ₹51.98 crore to ₹91.34 crore.
Existing shareholders face significant dilution of nearly 43% as the share base expanded by ~76% through this preferential issue. A new non-promoter holder now commands over 11.5% of the company, which may influence future board composition and shareholder votes, though the use of proceeds and identity of the allottee could shape investor sentiment.