Outcome of Board Meeting held on 15th May, 2026
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Cubical Financial Services Ltd's board approved two major capital-related proposals. First, the authorized share capital will be doubled from Rs. 13.51 crore to Rs. 29.51 crore by adding 7 crore new equity shares of Rs. 2 face value each. Second, the company plans a preferential issue of up to 8 crore equity shares at Rs. 2.50 per share to raise Rs. 20 crore. Five proposed allottees (Manoj Agrawal, Amit Kumar Saraogi, Shikha Agrawal, Manoj Agrawal HUF, and Kanchan Saraogi) will collectively own 55.11% of the company post-allotment. An Extraordinary General Meeting is scheduled for June 15, 2026 to seek shareholder approval for these proposals.
This preferential issue will result in massive dilution (~55%) for existing shareholders as new investors acquire a majority stake. The issue price of Rs. 2.50 is only slightly above the Rs. 2 face value, which may suggest a low market price or a steep discount, potentially hurting existing shareholders financially.