Board Meeting15 May 2026, 05:11 pm
Cubical Financial Services to Issue Shares, Increase Capital
AI Summary
Cubical Financial Services Ltd's board approved increasing the authorized share capital from ₹13.51 Cr to ₹29.51 Cr and issuing up to 8,00,00,000 equity shares at ₹2.50 each on a preferential basis, aggregating to ₹20 Cr, subject to shareholder and regulatory approvals. An Extra Ordinary General Meeting is scheduled for June 15, 2026, to seek shareholder approval for these matters.
Key Highlights
- Authorized share capital increased from ₹13.51 Cr to ₹29.51 Cr.
- Board approved preferential issue of up to 8,00,00,000 shares at ₹2.50 each.
- Preferential issue aims to raise ₹20 Cr.
- EGM scheduled for June 15, 2026, to seek shareholder approval.
- CS Sumit Bajaj appointed as Scrutinizer for the E-Voting process.
Price Impact
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