Cubical Financial Services: Promoters Reclassified to Public Post Open Offer

Cubical Financial Services Ltd has announced the reclassification of its promoters, Mr. Ashwani Kumar Gupta and Ms. Rita Gupta, from the 'Promoter' category to the 'Public' category. This change follows the successful completion of an open offer by Mr. Manoj Agrawal and Mr. Amit Kumar Saraogi, who have now acquired 2,00,75,137 equity shares and are classified as the new promoters. The reclassification is in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, specifically Regulation 31A(10)(ii). The former promoters confirm they no longer hold significant voting rights, control, or special rights in the company and will not serve as directors or KMP for three years. The company also confirms compliance with minimum public shareholding norms and has no outstanding dues to regulatory bodies.