Cubex Tubings Ltd Approves Preferential Issue of 50 Lakh Warrants

Cubex Tubings Limited's Board of Directors has approved a preferential issue of up to 50,00,000 Convertible Warrants into Equity Shares at an issue price of Rs. 150/- per security, aiming to raise up to Rs. 75,00,00,000 (Rs. 75 Crore). The funds will be utilized for procuring and installing a vacuum melting furnace at their new manufacturing facility to enhance capabilities for specialized products in nuclear, aerospace, defense, and oil & gas sectors. The proposed issue is subject to shareholder and regulatory approvals. The Board also deferred the Extraordinary General Meeting (EGM) previously scheduled for October 28, 2026.