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

For Cupid Breweries and Distilleries Limited, a promoter, Erramilli Venkatachalam Prasad, received 14,48,886 equity shares, representing 2.79% of the company's diluted share capital, as a gift from another promoter, Mrs. Lily Bhagvandas Rodrigues. This transaction, conducted without consideration between spouses within the promoter group, resulted in Mr. Prasad's shareholding increasing from 22.25% to 25.04%. Simultaneously, Mrs. Rodrigues's stake decreased from 27.83% to 25.04%. The company clarified that this internal transfer of shares among promoters does not change the overall control of the company.