14-Oct-2026 19:33:13

CUBEX TUBINGS RAISED RS 75 CR FUNDS VIA CONVERTIBLE WARRANTS @ ₹150/SHARE

• Board approved up to 50 lakh convertible warrants at ₹150 each, aggregating up to ₹75 Cr • Preferential issue on private placement basis to 5 identified investors (promoter and non-promoter) • Promoter Cubex Securities Ltd to subscribe 33,90,000 warrants worth ~₹50.85 Cr • Proceeds to fund a vacuum melting furnace at its new manufacturing facility for nuclear, aerospace, defence, oil and gas and heavy engineering products • Warrants convertible within 18 months of allotment; 25% upfront and balance 75% within 18 months; no change in control • Promoter and promoter group stake to rise from 44.42% to 50.47% on full conversion

Cubex Tubings Limited

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