09-Nov-2026 15:22:14
CUBIFINAcquisition and merger
CUBIFIN : ACQUIRERS CLASSIFIED AS PROMOTERS AFTER OPEN OFFER COMPLETION
• Acquirers Mr. Manoj Agrawal and Mr. Amit Kumar Saraogi, with persons acting in concert, completed Open Offer formalities • Acquired 2,00,75,137 equity shares under the Share Purchase Agreement on 15 May 2026, with transfer thereafter • Mr. Ashwani Kumar Gupta (1,63,83,572 shares, 25.14%) and Ms. Rita Gupta (36,91,565 shares, 5.66%) reclassified from promoter to public category, holding nil after the Open Offer • Acquirers now classified as promoters and persons acting in concert as the promoter group, with immediate effect under Regulation 31A(10) • Reclassified promoters to stay off the board and not serve as KMP for three years; company confirms minimum public shareholding compliance
Cubical Financial Services Ltd
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