Cubex Tubings Approves ₹75 Crore Warrant Issue To Fund Vacuum Furnace

Board approved preferential issue of 50L convertible warrants at Rs150 each to raise up to 75Cr from 5 investors, convertible in 18 months, subject to approvals; deferred 28 Oct EGM. Promoter entity takes bulk, lifting group past majority on conversion. Funds 100% for vacuum melting furnace at new plant for nuclear, aerospace, defence; shift to large new-vertical capex. Adds ~35% to share count on full conversion with 25% upfront, balance in 18 months or forfeited. Needs shareholder, exchange nods; EGM deferred, date pending; at Rs150 vs valuer Rs142.31.