Mr. Amit Kumar Saraogi has acquired 31,100,000 equity shares in Cubical Financial Services Limited through a preferential allotment. This acquisition represents 21.42% of the company’s total issued and paid-up share capital, effective September 14, 2026. This disclosure is made in compliance with Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Major Share Acquisition in Cubical Financial Services
Mr. Amit Kumar Saraogi has announced the acquisition of a substantial stake in Cubical Financial Services Limited. The acquisition involved 31,100,000 equity shares, secured via a preferential allotment on September 14, 2026.
Impact on Share Capital
This acquisition translates to 21.42% of the total issued and paid-up share capital of Cubical Financial Services Limited. The share capital of the target company before this acquisition was Rs. 18,81,40,000, comprising 94,070,000 equity shares of Rs. 2/- each. Post-acquisition, the equity share capital has increased to Rs. 29,03,40,000, with a total of 145,170,000 equity shares of Rs. 2/- each.
Disclosure Compliance
This disclosure is made in accordance with the requirements of Regulation 29(1) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing details the acquired shares, their percentage in the total and diluted share capital, and the mode of acquisition, which was a Preferential Allotment.
Source: BSE
