Cubical Financial Services: Independent Directors Recommend Open Offer

Cubical Financial Services Ltd has submitted the Recommendation of the Independent Director Committee (IDC) regarding an open offer. The offer, made by Mr. Manoj Agrawal and Mr. Amit Kumar Saraogi (Acquirers) along with their associated persons (PACs), aims to acquire up to 3,77,44,200 equity shares, representing 26.00% of the company's emerging equity and voting share capital. The offer price is ₹2.50 per equity share, with an applicable interest of up to ₹0.021 per share. The IDC, after reviewing the Public Announcement, Detailed Public Statement, and Letter of Offer, has deemed the offer price fair and reasonable in compliance with SEBI (SAST) Regulations, 2011. The recommendation will be published on September 15, 2026.