Cubical Financial Services EGM for ₹20 Cr Preferential Issue

Cubical Financial Services to hold EGM on June 15, 2026 to seek shareholder approval for a ₹20 crore preferential issue of 8 crore equity shares at ₹2.50 per share.
The company proposes to increase authorized share capital from ₹13.51 crore to ₹29.51 crore and adopt new MOA/AOA under Companies Act 2013.
Preferential allotment will be made to five entities led by Manoj Agrawal and Amit Kumar Saraogi, resulting in their combined 55.11% stake and triggering a mandatory open offer.
Proceeds will be used for business operations, lending activities, and general corporate purposes, with the issue priced above SEBI ICDR Regulations minimum.