
Shareholding17 Sept 2026, 05:00 pm
Amit Kumar Saraogi Acquires 21.42% Stake in Cubical Financial Services via Preferential Allotment
AI Summary
Mr. Amit Kumar Saraogi has acquired 3,11,00,000 equity shares, representing 21.42% of the total issued and paid-up share capital of Cubical Financial Services Ltd, through a preferential allotment on September 14, 2026. This disclosure is made pursuant to Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The acquisition increases the total equity share capital of the company to Rs. 29,03,40,000, comprising 145,170,000 equity shares of Rs. 2/- each.
Key Highlights
- Amit Kumar Saraogi acquired 3.11 crore shares in Cubical Financial Services.
- The acquisition represents 21.42% of the company's total share capital.
- The shares were acquired through a preferential allotment.
- The transaction is in compliance with SEBI (SAST) Regulations, 2011.
- Company's equity share capital increased post-acquisition.
Price Impact
More from CUBIFIN