Cubical Financial Services: Management Change Post Open Offer
Cubical Financial Services Ltd announced significant management changes following the completion of an Open Offer, which resulted in a change of management and control. The board approved the resignations of the existing management and appointed a new team. Mr. Manoj Agrawal has been appointed as Additional Director (Executive) and redesignated as Managing Director for 5 years. Mr. Amit Kumar Saraogi joins as Additional Director (Executive) and has also been appointed as Chief Financial Officer. Ms. Ritu Bansal and Mr. Shrikrishan Gupta have been appointed as Additional Directors (Non-Executive Non-Independent). These appointments are subject to regulatory approvals and member approval at the upcoming General Meeting.
Key Highlights
- Management and control changed post Open Offer completion.
- Manoj Agrawal appointed MD for 5 years.
- Amit Kumar Saraogi appointed CFO and Executive Director.
- New directors appointed to the board.
- Appointments subject to regulatory and member approvals.
Price Impact
More from CUBIFIN