Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Cubex Tubings Limited

Meeting Details

The 01/2026-2027 Extra Ordinary General Meeting will be held on 6th November, 2026 at 10:30 A.M (IST) through Video Conferencing (VC)/Other Audio-Visual Means (OAVM). The meeting is being conducted in compliance with MCA Circulars dated April 8, 2020, April 13, 2020 and May 5, 2020 regarding virtual meetings during COVID-19.

Proposed Resolutions and Implications

The single special business item proposes: "Issue of up to 50,00,000 Warrants convertible into Equity Shares of Face Value Rs. 10 to Promoters and Non-Promoter of the Company on Preferential basis" at an issue price of ₹150 per warrant.

Key Resolution Terms:

  • Each warrant convertible into one equity share of ₹10 face value
  • Conversion period: 18 months from date of allotment
  • 25% payment (₹37.50 per warrant) on allotment, balance 75% on conversion
  • Unconverted warrants lapse after 18 months with forfeiture of amount paid
  • Resulting shares rank pari passu with existing shares
  • Shares to be listed on BSE and NSE subject to approvals
  • Warrants and shares subject to lock-in as per SEBI ICDR Regulations

Utilization of Proceeds: ₹75 crore proceeds will be used 100% for procurement and installation of a vacuum melting furnace at new manufacturing facility for nuclear, electrical manufacturing, aerospace, defence, oil and gas, and heavy engineering industries.

Voting Process and Methods

The company provides multiple voting methods:

  • Remote e-voting period: 3rd November 2026 (10:00 AM) to 5th November 2026 (5:00 PM)
  • E-voting during meeting: Available for shareholders attending virtually who haven't voted remotely
  • Voting agency: Central Depository Services (India) Limited (CDSL)
  • Cut-off date: 30th October 2026 (record date)

Login Methods:

  • Demat shareholders: Through CDSL/NSDL systems using demat account credentials
  • Physical shareholders: Through www.evotingindia.com using folio number
  • Non-individual shareholders: Corporate registration on CDSL system

Shareholder Participation Breakdown

The document notes that participation by public non-institutional shareholders/retail shareholders is at "negligible level" based on SEBI observation from circular dated 09.12.2020.

Scrutinizer Appointment and Role

The Board of Directors at its meeting held on 14th October 2026 appointed Sarada Putcha, Company Secretary (Membership No.: 21717, CP No.: 8735) as Scrutinizer to scrutinize the voting and remote e-voting process in a fair and transparent manner.

The Scrutinizer will count the votes immediately after conclusion of voting at the EGM, and the results along with Scrutinizer's Report will be placed on the company website www.cubextubings.com and CDSL website immediately after declaration by the Chairman.

Compliance with Laws and Regulations

The notice confirms compliance with:

  • Sections 23, 42, 62(1)(c) of Companies Act 2013
  • Rule 14 of Companies (Prospectus and Allotment of Securities) Rules, 2014
  • Rule 13 of Companies (Share Capital and Debentures) Rules, 2014
  • Chapter V of SEBI (ICDR) Regulations 2018
  • SEBI (Substantial Acquisitions of Shares and Takeovers) Regulations 2011
  • SEBI (LODR) Regulations 2015
  • MCA Circulars regarding virtual meetings

Allottee Details and Shareholding Impact

Proposed Allottees:

  • Cubex Securities Ltd (Promoter): 33,90,000 warrants (₹50.85 crore)
  • Ajeet Modi (Non-Promoter): 6,00,000 warrants (₹9.00 crore)
  • H & A Unicorns (Non-Promoter): 4,05,000 warrants (₹6.075 crore)
  • Ruchas Ventures (Non-Promoter): 4,05,000 warrants (₹6.075 crore)
  • Payal Tandan Shrivastava (Non-Promoter): 2,00,000 warrants (₹3.00 crore)

Shareholding Pattern Change:

  • Pre-issue: Promoters 44.42% (63,60,304 shares), Public 55.58% (79,58,671 shares)
  • Post-full conversion: Promoters 50.47% (97,50,304 shares), Public 49.53% (95,68,671 shares)
  • Total shares increase from 1,43,18,975 to 1,93,18,975

Relevant Date and Pricing

The Relevant Date for preferential issue pricing is 7th October 2026, determined under Regulation 161(b) of SEBI ICDR Regulations.

Additional Information

The document includes detailed instructions for shareholders regarding:

  • VC/OAVM meeting access procedures
  • Technical requirements for virtual attendance
  • Speaker registration process for asking questions
  • Grievance redressal mechanisms through CDSL helpdesk
  • Process for shareholders with unregistered email/mobile numbers
  • Explanatory statement under Section 102 of Companies Act 2013