Cubical Financial - IDC recommendation on 26% open offer submitted to BSE

Listed-company acquisitionOpen offer triggeredStrategic Transactions View source PDF Explain this filing

Price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-0.4%Reaction day

₹6.83

prior close

₹7.15

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.1%-0.3% vs market

Non Banking Financial Company (NBFC) peers, median of 223sector-0.1%-0.3% vs sector

On the reaction day the stock moved 0.3 pts less than Nifty Microcap 250 and 0.3 pts less than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.3

10m

-0.3

15m

-2.1

30m

-1.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.4-0.1-0.3-0.1-0.3

Next day

-2.5+0.7-3.2+0.0-2.5

-2.5+2.3-4.8+0.4-2.9

-4.4+2.2-6.6+0.0-4.4

-6.3+2.6-8.9-0.2-6.1

-8.1+3.9-12.0+0.3-8.3

-8.1+2.7-10.7-0.6-7.4

15d

-18.7-1.2-17.5-2.8-15.9

-23.0-0.2-22.8-2.5-20.5

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UpDownMarket · Nifty Microcap 250Sector · Non Banking Financial Company (NBFC) peers, median of 223Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Corporate Makers Capital has submitted the Independent Director Committee recommendation on the open offer for Cubical Financial Services to BSE. The offer is for up to 3.77 crore equity shares (26% of emerging equity and voting capital) by Manoj Agrawal and Amit Kumar Saraogi along with PACs, under SEBI SAST Regulations 2011. Recommendation published in Business Standard on September 15, 2026.

Likely market impact

IDC recommendation helps public shareholders evaluate offer fairness and decide whether to tender their shares in the open offer.