This is to inform you that certain corrections made in the Annexure A1 to the Outcome of Board Meeting held on November 27, 2025. In this regard, we are submitting herewith revised Annexure ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Cupid Breweries has submitted a corrected Annexure A1 to its November 27, 2025 board meeting outcome regarding a preferential issue by way of share swap with Rinpoche Spirits Private Limited (RSPL). The corrections involve revised RSPL shareholding figures for promoters Erramilli Venkatachalam Prasad and Lily Bhagvandas Rodrigues, a name correction (A Kishor Kumar instead of Kishore Kumar Reddy), and a consequential change in total RSPL shares. The company confirms there is no change in the number of shares to be issued by Cupid. Under the swap, 44,96,038 RSPL equity shares will be exchanged for 3,87,08,921 Cupid Breweries equity shares across 10 allottees. The two promoters, jointly holding 50.08% of Cupid's paid-up capital, are acquiring additional shares through creeping acquisition (under 5% of emerging capital) under SEBI SAST Regulation 3(2), for non-cash consideration.
This is purely a clerical correction filing with no change in the deal economics or share issuance quantity, so it is unlikely to affect the stock price. However, it confirms an ongoing acquisition-by-swap where Cupid is issuing a large block of shares (over 3.87 crore) in exchange for RSPL stakes, which will dilute existing shareholders and shift the company's promoter holding structure.