MoU12 Nov 2026, 01:23 pm

Cubical Financial Services signs MoU for E-rickshaw financing

AI Summary

Cubical Financial Services Limited has entered into a Memorandum of Understanding (MOU) with Consider Done EV Mobility LLP on November 12, 2026. The agreement aims to finance electric rickshaws (E-rickshaws) sold through Consider Done EV Mobility's dealer and distributor network. This MOU is a non-binding framework agreement and does not involve any immediate financial commitment or equity participation. The company confirmed that the transaction is in the ordinary course of business and does not fall within related party transactions. The execution of the MoU is not expected to have any immediate material financial impact on Cubical Financial Services.

Key Highlights

MOU signed with Consider Done EV Mobility LLP for E-rickshaw financing.
Agreement focuses on financing E-rickshaws via dealer/distributor network.
MOU is non-binding, with no immediate financial commitment.
Transaction is in the ordinary course of business.
No immediate material financial impact expected.

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CUBIFIN

Non Banking Financial Company (NBFC)

CUBICAL FINANCIAL SERVICES LTD.

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