StockWatch
·
Non Banking Financial Company (NBFC)
Shareholding9 Sept 2026, 12:28 pm

Manoj Agrawal Acquires 21.26% Stake in Cubical Financial via Preferential Allotment

AI Summary

Manoj Agrawal, along with PACs Mrs. Shikha Agrawal and Manoj Agrawal (HUF), has acquired 20,000,000 equity shares, representing 21.26% of the total issued and paid-up share capital of Cubical Financial Services Ltd. The acquisition was made through a preferential allotment on September 7, 2026, for a total consideration of ₹13,03,40,000. This transaction significantly increases the acquirer's stake in the company, triggering disclosure requirements under SEBI (SAST) Regulations, 2011.

Key Highlights

  • Manoj Agrawal and PACs acquired 21.26% stake in Cubical Financial.
  • Acquisition was through preferential allotment on September 7, 2026.
  • Total consideration for the stake was ₹13,03,40,000.
  • Disclosure made under SEBI (SAST) Regulations, 2011.
  • Post-acquisition, acquirer's holding stands at 21.26%.