CUBICAL FINANCIAL SERVICES LTD.

Manoj Agrawal has acquired 2,00,00,000 equity shares, representing 13.77% of the total issued and paid-up share capital of Cubical Financial Services Ltd, through a preferential allotment on September 14, 2026. Following this acquisition, Mr. Agrawal's total holding, along with any associated persons, now stands at 3,11,00,000 shares, equating to 21.42% of the company's total diluted share capital. The company's equity share capital increased from Rs. 18,81,40,000 to Rs. 29,03,40,000 post-allotment. This disclosure is made in compliance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011.

Mr. Amit Kumar Saraogi has acquired 3,11,00,000 equity shares, representing 21.42% of the total issued and paid-up share capital of Cubical Financial Services Ltd, through a preferential allotment on September 14, 2026. This disclosure is made pursuant to Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The acquisition increases the total equity share capital of the company to Rs. 29,03,40,000, comprising 145,170,000 equity shares of Rs. 2/- each.

Amit Kumar Saraogi has acquired 31,100,000 equity shares, representing 21.42% of the total issued and paid-up share capital of Cubical Financial Services Ltd, through a preferential allotment on September 14, 2026. The acquisition involved shares valued at Rs. 18,81,40,000. This disclosure is made in accordance with SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. Following the acquisition, Saraogi holds a significant stake, impacting the company's shareholding structure.

Manoj Agrawal has acquired 2,00,00,000 equity shares, representing 13.77% of the total issued and paid-up share capital of Cubical Financial Services Limited, through a preferential allotment on September 14, 2026. This acquisition increases his total holding to 21.42%. The total investment made was ₹18,81,40,000. The filing is made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.

Corporate Makers Capital Limited, acting as Manager to the Offer, has submitted a Pre-Offer Advertisement for Cubical Financial Services Limited (Cubifin). The open offer is to acquire up to 3,77,44,200 equity shares, representing 26% of the emerging equity capital, at an offer price of ₹2.50 per share. An additional applicable interest of up to ₹0.021 per share will be paid due to a delay in payment, calculated from September 15, 2026, to the proposed payment date of October 15, 2026. This delay is attributed to the time taken to receive prior RBI approval for the change in control and management. The Detailed Public Statement was previously published on May 21, 2026.

Corporate Makers Capital Limited, acting as Manager to the Offer, has submitted a Pre-Offer Public Announcement for Cubical Financial Services Ltd. The announcement details an open offer to acquire up to 3,77,44,200 equity shares, representing 26% of the company's capital, at an offer price of ₹2.50 per share plus applicable interest of up to ₹0.021. This offer is being made by Mr. Manoj Agrawal and Mr. Amit Kumar Saraogi, along with persons acting in concert. The delay in payment to shareholders is attributed to a delay in obtaining RBI approval for the change in control and management.

Corporate Makers Capital Limited, acting as the Manager to the Offer, has submitted a recommendation from the Committee of Independent Directors (IDC) to the Public Shareholders of Cubical Financial Services Ltd. This submission includes a Pre-Offer Advertisement published in Business Standard (Hindi & English editions) on September 16, 2026, in compliance with SEBI (Acquisition of Shares and Takeovers) Regulations, 2011. The filing also contains a public notice from IIFL Finance Limited regarding a court case in Mumbai, detailing service of notice issues and court orders for newspaper publication. Additionally, the filing touches upon an inquiry into alleged financial irregularities amounting to ₹198 crore concerning the IT department's data center and related services of the Mumbai Municipal Corporation between 2018-2021, with investigations ongoing.

Coforge's Chairman, O P Bhatt, has stepped down following a fallout with the board, reportedly due to low ratings in a board evaluation. Shareholders denied a special resolution to extend his tenure. The company has appointed Egon Zehnder to find a new chairman and two independent directors. This development follows a period of rapid growth for Coforge, with ambitious revenue targets, and comes as private equity firm Advent International, a significant shareholder, voted against Bhatt's extension. The situation highlights potential tensions between conservative and aggressive growth strategies within the company.

Cubical Financial Services Ltd has submitted the Recommendation of the Independent Director Committee (IDC) regarding an open offer. The offer, made by Mr. Manoj Agrawal and Mr. Amit Kumar Saraogi (Acquirers) along with their associated persons (PACs), aims to acquire up to 3,77,44,200 equity shares, representing 26.00% of the company's emerging equity and voting share capital. The offer price is ₹2.50 per equity share, with an applicable interest of up to ₹0.021 per share. The IDC, after reviewing the Public Announcement, Detailed Public Statement, and Letter of Offer, has deemed the offer price fair and reasonable in compliance with SEBI (SAST) Regulations, 2011. The recommendation will be published on September 15, 2026.

Cubical Financial Services Ltd announced the allotment of 5,11,00,000 equity shares of face value Rs. 2 each at an issue price of Rs. 2.50 per share, aggregating to Rs. 12,77,50,000/-. This allotment is part of a preferential issue and represents the second tranche, following an earlier allotment of 2,89,00,000 shares. The company received necessary approvals from BSE and RBI for this issuance. The shares allotted rank pari passu with existing equity shares. The meeting where this was approved commenced at 12:00 PM and concluded at 1:00 PM on September 14, 2026.