Rita Gupta has ceased to be a Promoter of Cubical Financial Services Limited following the sale of 36,91,565 equity shares. The transaction, which represents a change of over 2% in the company’s total issued and paid-up share capital, was completed on 15th May 2026. This significant divestment has altered the promoter holding structure of the company.
Promoter Status Change
Rita Gupta has officially disclosed her cessation as a Promoter of Cubical Financial Services Limited. This change in status follows a substantial sale of equity shares, amounting to 36,91,565 shares. The transaction was executed as per the terms of a Share Purchase Agreement dated 15th May 2026.
Impact of Share Sale
The sale of these equity shares represents a change of more than 2% in the total issued and paid-up share capital of Cubical Financial Services Limited. Consequently, with this transfer, Rita Gupta is no longer considered a Promoter of the company. The detailed disclosure, compliant with Regulation 29(2) of the SEBI (SAST) Regulations, 2011, has been submitted to the relevant authorities.
Disclosure Details
The disclosure document provides a breakdown of the holdings before and after the sale. Prior to this transaction, Rita Gupta held 36,91,565 shares, which constituted 2.54% of the total share capital. After the sale, her holding in shares carrying voting rights became 0%, and her total percentage holding also reduced to 0%.
The total equity share capital of the Target Company (TC), Cubical Financial Services Limited, before and after the said acquisition/sale, remains Rs. 29,03,40,000, comprising 14,51,70,000 equity shares of Rs. 2/- each. The diluted share capital also remains unchanged at the same value and number of shares.
Source: BSE
