Board / shareholder meeting outcomeNotableFiled on BSE ·

Cubex Tubings Limited files corrigendum for EGM notice on preferential issue

Cubex Tubings Ltd · Industrial Products

What the filing says

  • Proposes preferential issue raising ₹75 crore for vacuum melting furnace and related equipment; project trial expected Aug/Sep 2027
  • Shareholding to change from 14,318,975 shares pre-issue to 19,318,975 shares post-issue with 5,000,000 warrants convertible to equity
  • Valuation report sets minimum price at ₹142.31, offer price fixed at ₹150 per share; compliance with SEBI ICDR and SAST Regulations confirmed

Why it's rated notable: the amount is 27% of market value (20% to 50%)

Original filing

Submission Of Corrigendum To The Notice Of Extra-Ordinary General Meeting (EGM) Of The Company

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.