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Date: September 15, 2026 The Listing Department BSE Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai- 400001 Scrip ID: CUBIFIN Ref: Open Offer of Cubical Financial Services Limited Subject: Newspaper publication on Recommendations of the Committee of Independent Directors (“IDC”) on the Open Offer (“Offer”) for Acquisition of upto 3,77,44,200 Equity Shares representing 26.00% of the Emerging Equity and Voting Share Capital from the Shareholders of Cubical Financial Services Limited, (hereinafter referred to as “CUBIFIN”/ “Target Company”/ “TC’) by Mr. Manoj Agrawal (Acquirer-1) And Mr. Amit Kumar Saraogi (Acquirer-2) (hereinafter collectively referred to as “Acquirers”) together with ‘Mrs. Shikha Agrawal’ (PAC-1), ‘M/S Manoj Agrawal HUF’ (PAC-2) and ‘Mrs. Kanchan Saraogi’ (PAC-3) (hereinafter referred to as “PACs”) under Regulation 26 (7) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 and subsequent amendments thereto (“SEBI (SAST) Regulations, 2011”/ “Regulations”) Dear Sir/Madam, In reference to the captioned subject, we hereby submit the Newspaper publication for Recommendation of Independent Director Committee pursuant to, and in compliance with, Regulation 26(7) and such other applicable provisions of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 as applicable. Kindly take note that the above publication has been made on 15th September 2026, in the following newspapers; 1. Business Standard – English National Daily 2. Business Standard – Hindi National Daily (Regional Newspaper) The soft copy of the publication is appended to this letter. This is for your information and record. We request you to take the above information on record. Thanking You, Yours Sincerely For and on behalf of Cubical Financial Services Limited Ashwani Kumar Gupta Managing Director DIN: 00348616 TECHNOLOGY 3 Business Standard new pew | TUESDAY, 15 SEPTEMBER 2026 COFORGE CHAIRMAN’S EXIT Amazon Now hits $1 billion © quick scroll O P Bhatt’s extension annualised gross sales in India PSG Equity raises over €4.4 bn for software, tech bets hit shareholder wall PEERZADA ABRAR We are humbled by the customer Bengaluru, 14 September Amazon ramps response, with orders doubling PSG Equity has raised over €4.4 billion ($5.1 every quarter,” said Samir Ku- up India network billion) for anew fund targeting European Amazon said its ultra-fast de- mar, country manager, Amazon software and technology firms, avote of livery service Amazon Now has Amazon announced the India. “We are on trackto expand confidence from investors in a sector that AVIK DAS Coforge is looking to reached $1 billion in annualised biggest-ever expansion of to 100 cities by Diwali, taking de- suffered a heavy selloff earlier this year. PSG Bengaluru, 14 September double its revenue to $5 billion gross sales in India over the its operations network livery-in-minutes from Gurdas- Europe lll is around70 per cent larger than its by 2030 from about $2.4 bil- past three-month period. The ahead of the festival sea- pur and Hoshiarpur in the north predecessor vehicle, which the firm raised in Coforge reportedly lost confi- lion now, asit looks to scale up firm said Amazon Now orders son, with the launch of 20 to Vembayam and Alamcode in 2023, people familiar with the matter said, asking not to be iden- dence in its chairman before its key accounts, materialise its have doubled every quarter fulfilment centres, 6 sort the south. Customers across the tified. The fundraising comes as the software sector recovers fi- shareholders denied a special artificial intelligence (AI) bets, since launch, making it the centres and 150 last-mile country can look forward to the omaselloff brought on by the emergence of new AI models that resolution at the annual general and also buy other firms to fastest-growing ecommerce delivery stations. The ex- widest selection delivered at the are threatening to replace many incumbent systems. BLOOMBERG meeting (AGM) to extend O P provide immediate inorganic business inAmazon India’s his- pansion raises Amazon’s fastest speeds this festive sea- Bhatt’s tenure till 2032, that led revenue. That is an ambitious tory. The development comes total storage capacity by son,” said Kumar. to him receiving the lowest rat- bet from a company that ahead of the festival season, as 5O per cent to 64 million People familiar with the de- Intel-backed ings by other board members as touched a billion dollars in the company faces intensifying cubic feet — equivalent velopment said Amazon Now’s construction part of the board evaluation re- cumulative revenue just three competition from quick-com- to over 720 Olympic- average order value is around Al firm Buildots port, according to people fam- Questions remain on why years ago, but then, it has been merce rivals, including Blinkit, sized swimming pools. %540, with the company hand- iliar with the matter. Bhatt, who was also an inde- growing at breakneck speed Zepto, Swiggy Instamart and PEERZADA ABRAR ling about 700,000 orders a day. raises $130 mn The ratings, which the pendent director at TCS, fell since the pandemic. Flipkart Minutes. They said Amazon Now has a company says Bhatt did not out of favour with the board “He (Bhatt) may have had The company has expanded 10 per cent market share by Buildots, a startup that uses disclose or discuss with the his reservations about the Amazon Now to 4X more cities in Telangana and Berhampur orders and 14 per cent by value. Alto help speed up constru- board, led toa fallout between tor (CEO), with the rating way deals were financed, or in less than 10 weeks, taking de- in Odisha among others. These In June 2026, Amazon had ction of expensive mega-pro- egal education the career banker and one of coming from four independent the high salaries of senior livery-in-minutes to over 60 In- orders are delivered within announced plans to build In- jects like datacentres, chip India’s fastest-growing mid- directors and one executive di- executives, or if the company dian cities and towns ahead of minutes through a network of dia’s largest “delivery-in-min- factories and hospitals, has must evolve tier information technology rector. The fact that Bhatt was adopting a riskier ap- the festival season. Apart from over 750 micro-fulfilment and utes” network by scaling raised $130 million in new 1” je (IT) services companies, re- scored the lowest shows the proach to grow fast. This the metros, this service is avail- urban fulfilment centres. Amazon Now to customers in financing. The investment w ith technology . sulting in Bhatt stepping doubts of other members about could always be a tussle be- able to customers in townssuch “In a short period of time, over 300 cities. The firm said it was led by billionaire Eyal Keralam CM down last week. That was fol- him, said one of the persons. tween conservative and ag- as Padubidri and Dharwad in Amazon Now has crossed $1 bil- continues to scale up its special- Ofer’s OG Venture Partners, Keralam Chief MinisterV D lowed by the resignation of D Private equity firm Advent In- gressive growth strategies,” Karnataka, Tirupati and Guntur lion in annualised gross sales in ised fulfilment infrastructure to with participation from Lig- Satheesan on Mondaysaid K Singh, the head of the ternational, which holds about said Pareekh Jain, CEO of in Andhra Pradesh, Gurdaspur India, making it the fastest- offer the largest selection of htspeed Venture Partners, legal education must evolve nomination and remuner- 20 per cent stake in Coforge, was EIURTrend, a platform for dis- and Jalandhar in Punjab, Vel- growing ecommerce business products by sellers to customers Intel Capital, and others, the with technological changes ation committee. not part of the evaluation pro- covering engineering trends. lore in Tamil Nadu, Warangal unit in Amazon India’s history. across the country. US-Israeli startup saidina to prepare a new [Showing first 8,000 characters — download PDF for full document]