Ashwani Kumar Gupta has disclosed the sale of 1,63,83,572 equity shares, representing 11.28% of the total paid-up share capital of Cubical Financial Services Limited. This transaction, executed under a Share Purchase Agreement dated 15th May 2026, has resulted in Mr. Gupta ceasing to be a promoter of the company. The disclosure was made on 06th November 2026 as per SEBI regulations.
Significant Shareholding Change Disclosed
Ashwani Kumar Gupta has formally announced the sale of 1,63,83,572 equity shares in Cubical Financial Services Limited. This transaction, which amounts to a change of 11.28% in the total issued and paid-up share capital, was conducted pursuant to the terms of a Share Purchase Agreement executed on 15th May 2026. The sale was completed on 06th November 2026.
Cessation as Promoter
Following this significant share transfer, Ashwani Kumar Gupta has officially ceased to be a Promoter of Cubical Financial Services Limited. This change in promoter status is a direct consequence of the substantial reduction in his shareholding. The disclosure adheres to Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (SEBI (SAST) Regulations, 2011).
Disclosure Details
Prior to this sale, the holding before consideration was 1,63,83,572 equity shares, representing 11.28% of the total share capital. After the acquisition/sale, the holding is Nil, and the total post-transaction shareholding is also reported as Nil. The transaction was an acquisition on transfer pursuant to the terms of the Share Purchase Agreement. The total diluted share/voting capital of the company before and after the said acquisition/sale remains unchanged at Rs. 29,03,40,000, comprising 14,51,70,000 equity shares of Rs. 2/- each.
Source: BSE
