Cubex Tubings Board Approves ₹135 Crore Fund Raise Via Securities Issue

Board approved fundraise of up to Rs 135 Cr via debt and/or other securities including convertible/exchangeable equity in tranches, subject to approvals. EGM on 28-Oct-2026 for shareholder nod. First capital raise on record; prior growth was creditor-funded with tiny internally funded capex - marks a step change in scale and funding approach for the single-plant maker. Instrument mix, pricing, dilution, use of proceeds and timelines not disclosed; EGM notice awaited. Raises leverage and execution questions pending details.