Outcome of Board Meeting - Preferential Issue of 50 Lakhs Convertible warrants into Equity Shares

CUBEX TUBINGS LIMITED (AN ISO 9001:2008 CERTIFIED COMPANY) CIN: L27109TG1979PLC002504 Date: 14.10.2026 To To BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, C-1, Block G Dalal Street, Mumbai - 400 001 Bandra Kurla Complex, Bandra (E) Scrip Code: 526027 Mumbai - 400 051 Symbol: CUBEXTUB Sub: Outcome of the Board Meeting held on 14 October 2026 Ref: Regulation 29 and 30 read with Schedule IIl of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Sir/Madam, With reference to our intimation dated 9 October 2026, we wish to inform you that the Board of Directors of Cubex Tubings Limited, at its meeting held today, Wednesday, 14 October 2026, considered and approved the following: Raising of funds Raising of funds aggregating up to Rs. 75,00,00,000 by issuing up to 50,00,000 Convertible Warrants in to Equity Shares of face value Rs. 10 /- each, at an issue price of Rs. 150/- per security, including a premium of Rs. 140/-, to identified investors / eligible investors, as annexed, on the terms approved by the Board. The proposed issue is subject to approval of the members, where applicable, necessary stock exchange approvals and such other regulatory and statutory approvals as may be required, and shall be undertaken in accordance with the Companies Act, 2013, the applicable SEBI regulations and other applicable laws. The details required under Regulation 30 read with the applicable SEBI Master Circular are enclosed as Annexure |. Details of the proposed investors and indicative shareholding are set out in Annexure I, where applicable. Additional terms of convertible instruments are set out in Annexure Ill, where applicable. The Board has also deferred the EGM to be held on 28.10.2026. The meeting commenced at 04.30 PM IST and concluded at 07.10 PM IST. We request you to take the above information on record. Thanking you, Yours faithfully, For Cubex Tubinrs Limited Virendra Bhandari Managing Director DIN: 00062228 Place: Secunderabad REGD. OFFICE : 1-7-27 TO 34, 2ND FLOOR, SHYAM TOWERS, S.D. ROAD, SECUNDERABAD - 500 003. TELANGANA TEL : 040-27817440, 27817436 ADMN. OFFICE & FACTORY : SURVEY NOS. 464 & 482, NEAR IDA, PHASE-V, PATANCHERU - 502 319, SANGAREDDY DIST. TELANGANA TEL : 08455-285362, 285363, FAX : 08455-241675, email : cubex@rediffmail.com KOLKATA: 033-22436184, FAX : 28610672, CHENNAI : 044-22483187, FAX : 22484630 CUBEX TUBINGS LIMITED (AN 1SO 9001:2008 CERTIFIED COMPANY) CIN: L27109TG1979PLC002504 Annexure| Disclosure of proposed issuance of securities Disclosure under Regulation 30 read with Part A of Schedule Il of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Master Circular No. HO/49/14/14(7)2025-CFD- POD2/1/3762/2026, last updated on 30 January 2026, as amended. No. Particulars Details 1 Securities proposed Convertible Warrants into Equity shares 2 Mode of issue Preferential issue on a private placement basis 3 Issue size Up to 50,00,000 Convertible Warrants in to Equity Shares at Rs. 150/- each, aggregating up to Rs. 75,00,00,000 4 Proposed investors and their number 5 proposed investors, as listed in Annexure 1. 5 Issue price and conversion price Issue price: Rs. 150/-, comprising face value Rs. 10/- and premium Rs. 140/-. Price arrived by Registered Valuer Saksham Valuer Private Limited having IBBI Number IBBI/RV-E/02/2024/206 and registered office at 4140, Eaze Zone Mall, Sunder Nagar, Malad West,Mumbai- 400064 is Rs. 142.31 , the Board Proposed to issue the same at Rs. 150/- 6 Subscription outcome after Not applicable at the proposal stage. The actual allotment and allotment subscription outcome will be disclosed upon allotment. Indicative y holdings are provided in Annexure Il. No allotment is reported by this outcome. 7 Conversion or expiry of convertibles ~ Within 18 Months from the date of allotment post that they will expire and any amount paid will be forfeited 8 Cancellation or termination NA REGD. OFFICE : 1-7-27 TO 34, 2ND FLOOR, SHYAM TOWERS, S.D. ROAD, SECUNDERABAD - 500 003. TELANGANA TEL : 040-27817440, 27817436 ADMN. OFFICE & FACTORY : SURVEY NOS. 464 & 482, NEAR IDA, PHASE-V, PATANCHERU - 502 319, SANGAREDDY DIST. TELANGANA TEL : 08455-285362, 285363, FAX : 08455241675, email : cubex@rediffmail.com KOLKATA: 033-22436184, FAX : 28610672, CHENNAI : 044-22483187, FAX : 22484630 CUBEX TUBINGS LIMITED (AN ISO 9001:2008 CERTIFIED COMPANY) CIN: L27109TG1979PLC002504 No. Particulars Details 9 Purpose and use of funds The Company proposes to utilise the proceeds of the preferential issue towards the procurement and installation of a vacuum melting furnace at its new manufacturing facility, including (Land, Civil & Electrical works, and other balancing equipment) for nuclear, electrical manufacturing of specialized products, aerospace, defence, oil and gas, and other heavy engineering industries for ferrous-based (Special steels -titanium and its alloys, nickel-based, chrome-based etc.) and non-ferrous (oxygen-free copper, Beryllium copper, zirconium/chrome alloys, etc.) The Company already possesses the downstream processing equipment required for these products. The proposed vacuum melting furnace will complement the existing equipment and strengthen the Company’s manufacturing capabilities to serve these industries. 100 % of the issue proceeds will be utilized for this 10 Consideration and payment terms Cash 11 Approvals and proposed timetable Approval of the members and the stock exchanges, to be allotted within 15 days from the date of receipt of In-Principle Approval 12 Other material terms Relevant date : 7" Oct 2026 and pricing basis Rs. 150 /- (details shared above),; existing holding if any will be under lock-in; warrants post conversion to equity shares shall rank pari passu with the existing equity shares; no change in control; REGD. OFFICE : 1-7-27 TO 34, 2ND FLOOR, SHYAM TOWERS, S.D. ROAD, SECUNDERABAD - 500 003. TELANGANA TEL : 040-27817440, 27817436 ADMN. OFFICE & FACTORY : SURVEY NOS. 464 & 482, NEAR IDA, PHASE-V, PATANCHERU - 502 319, SANGAREDDY DIST. TELANGANA TEL : 08455-285362, 285363, FAX : 08455-241675, email : cubex@rediffmail.com KOLKATA : 033-22436184, FAX : 28610672, CHENNAI : 044-22483187, FAX : 22484630 CUBEX TUBINGS LIMITED (AN 1SO 9001:2008 CERTIFIED COMPANY) CIN: L27109TG1979PLC002504 Annexure || Proposed investors and indicative shareholding For a preferential issue. Complete separately for each class of security where required. The figures below represent the proposed issue and do not constitute confirmation of allotment. No. Investor name Category” Convertible Warrants into Investmentin Rs. Equity Shares 1 Cubex Securities Ltd Promoter 33,90,000 50,85,00,000 2 Ajeet Modi Non Promoter 6,00,000 9,00,00,000 3. H & A Unicorns Non Promoter 4,05,000 6,07,50,000 4. Ruchas Ventures Non Promoter 4,05,000 6,07,50,000 5. Payal Tandan Shrivastava Non:Promoter 42,00,000 3,00,00,000 Indicative holdings of proposed investors Investor Before issue Before issue After issue or full conversion After issue or full Shares % Shares conversion Cubex Securities Ltd 18,67,395 13.04% 52,57,395 28.00 Ajeet Modi 0 0 6,00,000 3.10 H & A Unicorns 5,500 0.038% 4,05,000 2.12 Ruchas Ventures 0 0 4,05,000 2.09 Payal Tandan Shrivastava 0 0 2,00,000 1.03 REGD. OFFICE : 1-7-27 TO 34, 2ND FLOOR, SHYAM TOWERS, S.D. ROAD, SECUNDERABAD - 500 003. TELANGANA TEL : 040-27817440, 27817436 ADMN. OFFICE & FACTORY : SURVEY NOS. 464 & 482, NEAR IDA, PHASE-V, PATANCHERU - 502 319, SANGAREDDY DIST. TELANGANA TEL : 08455-285362, 285363, FAX : 08455-241675, email : cubex@rediffmail.com KOLKATA : 033-22436184, FAX : 28610672, CHENNAI : 044-22483187, FAX : 22484630 CUBEX TUBINGS LIMITED (AN 1SO 9001:2008 CERTIFIED COMPANY) CIN: L27109TG1979PLC002504 Indicative capital and category shareholding Category Before issue After issue or full conversion Shares and % Sharaned s% Promoter and promoter group 63,60,304 and 44.42 % 97,50,304 [Showing first 8,000 characters — download PDF for full document]