Manoj Agrawal, along with his Persons Acting in Concert (PACs), has acquired a significant stake of 21.26% in Cubical Financial Services Limited. The acquisition involved 20,000,000 equity shares through a preferential allotment on September 7, 2026. This move represents a substantial change in the company’s shareholding structure and is in compliance with SEBI’s substantial acquisition regulations.
Significant Share Acquisition Announced
Manoj Agrawal, in conjunction with PACs including Mrs. Shikha Agrawal and Manoj Agrawal (HUF), has successfully acquired a considerable interest in Cubical Financial Services Limited. The transaction involved the purchase of 20,000,000 equity shares, representing 21.26% of the total issued and paid-up share capital of the company. This acquisition was executed through a preferential allotment that took place on September 7, 2026.
Disclosure Under SEBI Regulations
This disclosure has been made in accordance with Regulation 29(1) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The announcement details the holding of the acquirer and PACs before and after the transaction. Prior to the acquisition, the combined shareholding was Nil. Post-acquisition, the total voting rights held by Manoj Agrawal and his PACs stand at 21.26%, with the equity share capital of the target company also reflecting this percentage.
Transaction Details
The mode of acquisition was a preferential allotment. The equity share capital of Cubical Financial Services Limited before the acquisition was valued at Rs. 13,03,40,000, comprising 65,170,000 equity shares of Rs. 2/- each. Following the allotment, the equity share capital increased to Rs. 18,81,40,000, consisting of 94,070,000 equity shares of Rs. 2/- each.
Source: BSE
