Nature of the Event
Disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 regarding acquisition of equity shares through preferential allotment.
Key Quantitative Figures
- Number of equity shares acquired: 3,11,00,000 (Three Crore Eleven Lakh)
- Percentage of total issued and paid-up share capital: 21.42%
- Acquisition price/value: Not disclosed in the filing
- Pre-acquisition holding of acquirer: Nil shares carrying voting rights
- Post-acquisition holding: 3,11,00,000 equity shares representing 21.42% of voting capital
Dates of Action
- Date of acquisition/allotment: 14 September 2026
- Date of disclosure submission: 16 September 2026
- Date of company filing with BSE: 17 September 2026
Parties Involved
- Target Company: Cubical Financial Services Limited (Scrip Code: CUBIFIN)
- Acquirer: Mr. Amit Kumar Saraogi (PAN: ACSPJ7415L)
- Company Representative: Mr. Ashwani Kumar Gupta, Managing Director (DIN: 00348616)
- Regulatory Authority: BSE Limited
Capital Structure Impact
- Pre-acquisition equity share capital: ₹18,81,40,000 consisting of 94,070,000 equity shares of ₹2 each
- Post-acquisition equity share capital: ₹29,03,40,000 consisting of 145,170,000 equity shares of ₹2 each
- Total diluted share/voting capital post-acquisition: ₹29,03,40,000
- The acquisition resulted in significant dilution of existing shareholding
Additional Details
- Mode of acquisition: Preferential Allotment
- Type of securities acquired: Equity shares of ₹2 each
- Acquirer classification: Non-Promoter
- No persons acting in concert identified
- No encumbrances, pledges, or other instruments held by acquirer
- The disclosure includes both public (Part-A) and non-public (Part-B) sections as per regulatory requirements