Cubical Financial Services Ltd — Important, 15-05-2026: Company Update

Cubical Financial Services has announced a mandatory open offer to acquire up to 3.77 Cr shares, representing 26% of its emerging equity, from public shareholders at ₹2.50 per share, totaling ₹9.43 Cr. This offer is triggered by Mr. Manoj Agrawal and Mr. Amit Kumar Saraogi, with persons acting in concert, agreeing to purchase 2.00 Cr shares (13.83% of emerging equity) from current promoters at ₹2.05 per share (₹4.11 Cr). Additionally, the Board approved a preferential allotment of 8.00 Cr shares (55.11% of emerging equity) to this new acquirer group at ₹2.50 per share (₹20 Cr), subject to shareholder approval. Post these transactions and the open offer, the acquirer group will hold 68.94% equity, becoming the new promoters, and the company will retain its listing.