Cubical Financial Services Limited promoter group reaches 34.46%

Cubical Financial Services raised its combined promoter-group holding to 34.46% on 9 November 2026 after acquiring 1,00,37,569 shares, representing 6.91% of voting capital, through a transfer under a share purchase agreement. The holding increased from 4,00,00,000 shares, or 27.55%, to 5,00,37,569 shares.

How many shares did Cubical Financial Services’ promoter group acquire?

Cubical Financial Services’ promoter group acquired 1,00,37,569 equity shares carrying voting rights, equal to 6.91% of the company’s total share and voting capital. The Regulation 29(2) disclosure identifies Manoj Agrawal as the acquirer, acting with Mrs. Shikha Agrawal and Manoj Agrawal (HUF) as persons acting in concert, or PAC.

The filing classifies all three parties as members of the promoter or promoter group. The acquisition exceeded the more-than-2% change in issued and paid-up share capital cited in the 9 November 2026 covering letter, leading to the disclosure under Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The transaction increased the reported combined holding by 6.91 percentage points, from 27.55% to 34.46%. Cubical Financial Services reported the same percentages for total share or voting capital and for total diluted share or voting capital, both before and after the transfer.

When and how was the Cubical Financial Services stake transferred?

Cubical Financial Services disclosed the acquisition as a transfer pursuant to a share purchase agreement dated 15 May 2026, while stating 9 November 2026 as the acquisition date. The filing does not identify the transferor, disclose the consideration paid or give a per-share price for the 1,00,37,569 shares.

The disclosure itself is dated 9 November 2026 and was addressed to BSE Limited, where Cubical Financial Services is listed. It describes the mode as an acquisition on transfer under the share purchase agreement, rather than as an open-market purchase, rights issue, public issue or preferential allotment.

The filing records separate dates for the underlying agreement and the completed acquisition. While the agreement was dated 15 May 2026, the source gives no details of conditions, closing steps or other events between that date and the 9 November 2026 transfer.

Did Cubical Financial Services issue shares in the transaction?

Cubical Financial Services reported equity share capital of 14,51,70,000 equity shares of face value Rs 2 each before and after the acquisition. The nominal equity capital was Rs 29.034 crore at both points, indicating that the reported ownership change involved a transfer of existing shares rather than a reported fresh issue.

The unchanged 14,51,70,000-share base also supports the percentages in the filing. The 1,00,37,569 acquired shares represented 6.91% of this equity base, while the promoter group’s holding moved from 4,00,00,000 shares to 5,00,37,569 shares.

Cubical Financial Services also reported a 34.46% holding on a diluted basis after the acquisition. The filing defines diluted share or voting capital as the total shares assuming full conversion of outstanding convertibles or warrants, but it does not report any such instruments held by the acquirer or PAC.

What securities and voting rights did Cubical Financial Services disclose?

Cubical Financial Services reported the transaction as an acquisition of shares carrying voting rights, adding 1,00,37,569 shares to the promoter group’s position. The detailed disclosure shows no reported number for voting rights held otherwise than through equity shares, warrants, convertible securities or encumbered shares.

After the 9 November 2026 acquisition, the group’s reported total of 5,00,37,569 shares was also its stated holding of shares carrying voting rights. The filing therefore presents the 34.46% total as an equity-share holding rather than a position based on a future conversion into shares.

The disclosure fields for encumbrances include pledges, liens, non-disposal undertakings and other arrangements, but no quantity was reported in those fields. The source does not provide a separate narrative statement about encumbrances beyond the entries in the Regulation 29(2) table.

What does the Cubical Financial Services disclosure show about ownership?

Cubical Financial Services’ filing shows that the named promoter group increased its combined ownership by 6.91 percentage points through one transfer of 1,00,37,569 voting shares. The movement raised the reported holding from 27.55% to 34.46%, without a reported change in the company’s 14,51,70,000-share equity base.

The document is a takeover-regulations ownership disclosure rather than an operating or financial update. It does not state that the 9 November 2026 acquisition changed the board, management, business strategy, dividend policy or capital-raising plans of Cubical Financial Services.

No value was disclosed for the 1,00,37,569-share transfer. The filing consequently establishes the scale, parties and mechanism of the ownership change, but does not support a calculation of deal value, acquisition cost or an implied value for Cubical Financial Services.

Conclusion

Cubical Financial Services’ promoter group added 1,00,37,569 voting shares and increased its reported holding to 34.46% from 27.55%. With equity capital remaining at 14,51,70,000 shares of Rs 2 each, the 9 November 2026 disclosure records a transfer of existing ownership under the 15 May 2026 share purchase agreement.

The source discloses no future acquisition plan, ownership target, scheduled event or unresolved transaction condition after the 9 November 2026 transfer. It also does not identify the seller or transaction consideration, so the filing provides no source-backed next milestone beyond the completed Regulation 29(2) disclosure.