StockWatch
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Non Banking Financial Company (NBFC)
Shareholding9 Sept 2026, 12:30 pm

Kanchan Saraogi Acquires 9.46% Stake in Cubical Financial Services via Preferential Allotment

AI Summary

Kanchan Saraogi has acquired 8,900,000 equity shares in Cubical Financial Services Ltd through a preferential allotment on September 7, 2026. This acquisition represents 9.46% of the company's total issued and paid-up share capital. The total value of the transaction is Rs. 13,03,40,000. Following this acquisition, the total diluted share capital of the company has increased to Rs. 18,81,40,000, comprising 94,070,000 equity shares. This disclosure is made in accordance with SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.

Key Highlights

  • Kanchan Saraogi acquired 9.46% stake in Cubical Financial Services.
  • Acquisition was made via preferential allotment on September 7, 2026.
  • Transaction value amounts to Rs. 13,03,40,000.
  • Disclosure filed under SEBI (SAST) Regulations, 2011.
  • Company's total equity increased post-acquisition.