Cupid Breweries And Distilleries Ltd — Insider Trading, 01-01-1970: Insider Trading / SAST

Cupid Breweries and Distilleries' promoter, Erramilli Venkatachalam Prasad, acquired 14,48,886 equity shares, representing 2.79% of the company's share capital, from an immediate relative. This inter-se transfer, executed as a gift between promoters, ensures a consolidation of promoter shareholding without triggering an open offer obligation for public shareholders. The company confirmed this transaction does not impact control. A procedural delay in filing the necessary disclosure was noted, with an assurance of future timely compliance.