Cupid Breweries And Distilleries Ltd — Important, 24-10-2025: Company Update

Acquirers have launched a mandatory open offer for Cupid Breweries and Distilleries Limited, targeting up to 9.60 lakh equity shares. The offer price is ₹ 71.80 per share, which includes an interest component of ₹ 11.80 per share due to a delay in the initial announcement. The total offer value is approximately ₹ 6.89 Cr. This offer provides an opportunity for public shareholders to tender their shares. The company's Committee of Independent Directors affirmed the offer's fairness and reasonableness, stating it aligns with regulatory parameters. This action stems from the acquirers gaining management control.