Manoj Agrawal, along with PAC members Mrs. Shikha Agrawal and Manoj Agrawal (HUF), has acquired 1,00,37,569 equity shares in Cubical Financial Services Limited. This acquisition, representing 6.91% of the total issued and paid-up share capital, resulted from a Share Purchase Agreement dated 15th May 2026. The transaction leads to a change of over 2% in voting rights, with the acquirer’s total holding increasing to 34.46%.
Significant Share Acquisition Announced
Manoj Agrawal, acting in concert with Mrs. Shikha Agrawal and Manoj Agrawal (HUF), has announced the acquisition of a substantial block of shares in Cubical Financial Services Limited. The acquisition involved 1,00,37,569 equity shares, executed through a Share Purchase Agreement dated 15th May 2026. This transaction marks a considerable change in the company’s ownership structure.
Key Transaction Details
The acquired shares carry voting rights, and the transaction represents a 6.91% stake in the total issued and paid-up share capital of Cubical Financial Services Limited. Following this acquisition, the total holding of Manoj Agrawal and the Persons Acting in Concert (PAC) now stands at 5,00,37,569 shares, which accounts for 34.46% of the total equity share capital. The acquisition was made on a transfer basis.
Impact on Shareholding
Before the acquisition, the acquirer’s group held 4,00,00,000 shares, representing 27.55% of the total share capital. Post-acquisition, this holding has increased to 5,00,37,569 shares, bringing the total voting rights to 34.46%. The equity share capital of the target company before the acquisition was ₹29,03,40,000, consisting of 14,51,70,000 equity shares of ₹2 each. This capital structure remains unchanged post-acquisition.
Filing and Disclosure
This disclosure is made pursuant to Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The detailed disclosure, as required by the regulations, is provided in Annexure-I.
Source: BSE
