Description

BSE announces the schedule of activities for the Offer to Buy – Acquisition Window (Takeover) of CUPID BREWERIES AND DISTILLERIES LTD shares, scheduled from October 27, 2025 to November 10, 2025.

Summary

BSE has announced the schedule for an Offer to Buy – Acquisition Window (Takeover) for shares of CUPID BREWERIES AND DISTILLERIES LTD. The offer will be open from Monday, October 27, 2025 to Monday, November 10, 2025. The acquirer is offering to purchase up to 9,60,000 equity shares at Rs. 71.80 per share through BSE’s OTB platform.

Key Points

  • Security Name: CUPID BREWERIES AND DISTILLERIES LTD
  • Security Symbol: CUPIDALBV
  • ISIN: INE108G01010
  • Scrip Code: 512361
  • Offer Size: Up to 9,60,000 equity shares
  • Offer Price: Rs. 71.80 per share
  • Face Value: Rs. 10.00
  • Market Lot: 1
  • Trading members can bid for investors having shares in demat form
  • UCC of investors must be registered with correct PAN Number and Category

Regulatory Changes

No regulatory changes. This circular provides operational guidelines for a specific takeover offer following existing OTB framework as per Exchange Notices 20150930-1 (September 30, 2015) and 20170203-29 (February 3, 2017).

Compliance Requirements

  • Trading Members and Custodian Members must ensure UCC of investors is registered/updated with correct PAN Number and Category in Exchange UCC database
  • Trading Members can only bid for investors having shares in demat form
  • Members should refer to Exchange Notices 20150930-1 and 20170203-29 for operational instructions
  • Access OTB Module through specified URLs (iBBS, RTRMS, Extranet)
  • Files for acceptance of bids available on Extranet only after confirmation from Merchant Banker/RTA post-issue closure

Important Dates

  • Opening Date: Monday, October 27, 2025
  • Closing Date: Monday, November 10, 2025
  • Bid Offering Period: October 27, 2025 to November 10, 2025 (9:15 AM to 3:30 PM)
  • Give-up/Take-up Period: October 27, 2025 to November 7, 2025 (9:15 AM to 3:30 PM)
  • Give-up (Last Day): November 10, 2025 (9:15 AM to 3:30 PM)
  • Take-up (Last Day): November 10, 2025 (9:15 AM to 4:00 PM)

Impact Assessment

Market Impact: Low to Medium - This is a company-specific takeover offer affecting only CUPID BREWERIES AND DISTILLERIES LTD shareholders. The offer size of 9,60,000 shares at Rs. 71.80 per share represents a total transaction value of approximately Rs. 6.89 crores.

Operational Impact: Medium - Trading members and custodians facilitating this offer must ensure proper UCC registration, coordinate with the OTB platform, and manage bidding processes during the 15-day offer period.

Shareholder Impact: High for CUPID BREWERIES shareholders - This provides an exit opportunity at a predetermined price of Rs. 71.80 per share. Shareholders must decide whether to participate through their trading members during the offer window.

Categories Eligible: FII, Financial Institutions, Mutual Funds, Insurance Companies, Other QIBs, Other NIBs, Companies, and Individual investors can participate through their respective trading members.

Impact Justification

Specific to one company takeover offer affecting shareholders and trading members participating in the acquisition window. Limited broader market impact but significant for CUPID BREWERIES shareholders.