Hyderabad, January 6, 2026 - Cupid Breweries and Distilleries Limited witnessed a change in promoter shareholding following an inter-se transfer of equity shares among promoter group members, resulting in a higher consolidated stake for the acquirer.
Transaction Details
Erramilli Venkatachalam Prasad, a promoter of the company, acquired 14,48,886 equity shares, representing 2.79% of the paid-up share capital, through a non-cash transfer executed on January 1, 2026. The shares were received as a gift from fellow promoter Lily Bhagvandas Rodrigues, with no monetary consideration involved.The transfer was carried out within the promoter group and did not involve any sale in the open market.
Shareholding Impact
The transaction led to a visible reshaping of promoter-level ownership while keeping overall promoter control intact.Promoter Shareholding Snapshot
| Particulars | Before Transaction | After Transaction |
|---|---|---|
| Acquirer Holding (No. of shares) | 1,15,67,208 | 1,30,16,094 |
| Acquirer Holding (%) | 22.25% | 25.04% |
| Transferor Holding (No. of shares) | 1,44,64,959 | 1,30,16,073 |
| Transferor Holding (%) | 27.83% | 25.04% |
No Change in Control or Capital Structure
The company clarified that the transaction does not result in any change in management control, voting dynamics, or capital structure. Public shareholding and free float remain unaffected, and the transfer is purely internal in nature.About the Company
Cupid Breweries and Distilleries Limited is listed on Indian stock exchanges and operates in the alcoholic beverages segment, with a presence across manufacturing and distribution of beer and spirits in select domestic markets. The company continues to focus on capacity utilisation, brand expansion, and operational efficiency within the regulated liquor industry.Source:
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