Cubical Financial Services Limited shareholders are being made an open offer for acquisition of up to 3,77,44,200 Equity Shares, representing 26.00% of the emerging equity and voting share capital. The offer price is ₹2.50 per Equity Share, along with an applicable interest of ₹0.021 per share. The tendering period is from September 17, 2026, to September 30, 2026.
Open Offer for Cubical Financial Services
An open offer has been made to the eligible equity shareholders of Cubical Financial Services Limited (CUBIFIN). The offer is for the acquisition of up to 3,77,44,200 Equity Shares, which constitutes 26.00% of the company’s emerging equity and voting share capital. The acquisition is being made by Mr. Manoj Agrawal (Acquirer-1) and Mr. Amit Kumar Saraogi (Acquirer-2), collectively referred to as ‘Acquirers’, along with persons acting in concert (PACs).
Offer Details and Pricing
The offer price for each equity share is set at ₹2.50 (Rupees Two and Fifty Paise Only). In addition, an applicable interest of ₹0.021 per Equity Share will be paid. The payment will be made in cash. This open offer is being made in compliance with Regulation 3(1) and 4 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Tendering Period and Key Dates
The tendering period for the open offer will commence on Thursday, September 17, 2026, and will close on Wednesday, September 30, 2026. The Letter of Offer was dated September 09, 2026. Shareholders are advised to consult the detailed terms and conditions outlined in the Letter of Offer and other associated documents.
Acquirers and Background
The acquirers, Mr. Manoj Agrawal and Mr. Amit Kumar Saraogi, along with PACs (Mrs. Shikha Agrawal, M/s Manoj Agrawal HUF, and Mrs. Kanchan Saraogi), are collectively making this offer. The transactions leading to this open offer include a Share Purchase Agreement and a proposed preferential issue, which will result in the Acquirers and PACs holding a significant stake and control over Cubical Financial Services Limited.
Source: BSE
