Cubex Tubings Ltd Plans to Raise ₹135 Crores

Cubex Tubings Limited announced that its Board of Directors has approved a proposal to raise funds amounting to ₹135 Crores. The fundraising will be conducted through the issuance of debt securities and/or other securities, potentially including those convertible into equity shares, in one or more tranches. This move is subject to necessary approvals and applicable laws. To facilitate this, the company will convene an Extraordinary General Meeting (EGM) on October 28, 2026, to seek shareholder consent for the proposed fund-raising plan. The meeting details indicate a significant strategic financial maneuver for the company.