Corporate Makers Capital Limited ("Manager to the Offer") has submitted to BSE a copy of Detailed Public Statement under Regulation 3 read with Regulation 4, 14(3) and 15(2) of the SEBI ....
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Mr. Manoj Agrawal and Mr. Amit Kumar Saraogi (Acquirers) along with their Persons Acting in Concert (PACs) are making a mandatory open offer to public shareholders of Cubical Financial Services Limited (CUBIFIN). The offer is for up to 3,77,44,200 equity shares representing 26% of the Emerging Equity and Voting Share Capital at ₹2.50 per share in cash. This offer is triggered by a Share Purchase Agreement dated May 15, 2026 to acquire 13.83% stake from existing promoters Mr. Ashwani Kumar Gupta and Mrs. Rita Gupta, plus a proposed preferential issue of 8 crore shares (55.11%) to the Acquirers and PACs at ₹2.50 per share. After full acceptance of the open offer, the Acquirers and PACs will collectively hold 94.94% of the company. The target company is an NBFC listed on BSE with FY26 revenue of ₹130.59 lakhs and net income of ₹17.43 lakhs.
This represents a complete change in control and management of CUBIFIN. Existing promoters will exit entirely. Shareholders accepting the offer will receive ₹2.50 per share in cash, which is above recent market prices.