Cubex Tubings EGM Corrigendum for ₹75 Cr Preferential Issue

Cubex Tubings Ltd issued a Corrigendum to its Extra-Ordinary General Meeting (EGM) Notice dated October 14, 2026, scheduled for November 6, 2026. This corrigendum provides clarifications and additional disclosures regarding a proposed preferential issue, following observations from BSE and NSE. The company plans to raise ₹75 Crore through this preferential issue, with the entire proceeds earmarked for the procurement and installation of a vacuum melting furnace at its new manufacturing facility. The total project cost for the furnace and associated equipment is ₹87 Crore, with the remaining funds arranged through company reserves. The project aims to manufacture specialized products for nuclear, aerospace, defense, oil & gas, and heavy engineering industries. The corrigendum also details post-issue shareholding, undertakings on re-computation and lock-in, and confirmations regarding wilful defaulters/fraudulent borrowers and fugitive economic offenders. Securities issued under the preferential offer will be subject to lock-in and transfer restrictions as per SEBI ICDR Regulations.