
Board Meeting15 May 2026, 04:51 pm
Cubical Financial Services to Raise ₹20 Cr via Preferential Issue
AI Summary
Cubical Financial Services Ltd's board approved increasing authorized share capital from ₹13.51 Cr to ₹29.51 Cr and a preferential issue of up to 8,00,00,000 equity shares at ₹2.50 each, totaling ₹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. CS Sumit Bajaj has been appointed as the scrutinizer for the e-voting process.
Key Highlights
- Authorized share capital increased from ₹13.51 Cr to ₹29.51 Cr.
- Preferential issue of up to 8,00,00,000 shares at ₹2.50 each approved, totaling ₹20 Cr.
- EGM scheduled for June 15, 2026, to approve capital increase and preferential issue.
- CS Sumit Bajaj appointed as scrutinizer for e-voting.
- Preferential issue subject to shareholder and regulatory approvals.
Price Impact
More from CUBIFIN