Fundraise / allotmentNotableFiled on BSE ·

Cubex Tubings Ltd approves ₹75 crore convertible warrants issue to raise funds

Cubex Tubings · Industrial Products

Arthneeti Research DeskPublished 1 min read
₹75 CrFundraise / allotment

Key highlights

  • Board approved issue of up to 50 lakh convertible warrants at ₹150 each, raising ₹75 crore
  • Proposed investors include Cubex Securities Ltd and four non-promoter entities with specified shareholdings
  • Funds to be used for installation of vacuum melting furnace at new manufacturing facility; conversion within 18 months by 7 Oct 2026

Why it's rated notable: the amount is 28% of market value (20% to 50%)

Original filing

Board Meeting Outcome for OUTCOME UNDER REG 29 READ WITH REG 30 AND SCHEDULE III OF SEBI LODR REG 2015

Read the filing on BSE (PDF) →

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Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.