Intimation regarding reclassification of promoters to public pursuant to the Open offer under SEBI (SAST) Regulations, 2011

Date: 09.11.2026 The Manager BSE Limited Phiroze Jeejeebhoy Tower Dalal Street, Mumbai- 400001 Scrip Code: 511710 BSE Symbol: CUBIFIN Dear Sir / Madam, Subject: Intimation under Regulation 31A (10) (ii) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Reclassification of Promoters pursuant to the Open Offer under the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Reference: Letter of Offer by Mr. Manoj Agrawal (“Acquirer-1”) and Mr. Amit Kumar Saraogi (“Acquirer-2”) (hereinafter referred to as the “Acquirers”) for acquisition of equity shares of Cubical Financial Services Limited (“Company”/ “Target Company”). Pursuant to Regulation 31A(10)(ii) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, [“SEBI (LODR) Regulations”], we do hereby inform you that Mr. Manoj Agrawal, and Mr. Amit Kumar Saraogi along with persons acting in concert has completed the formalities related to the Open Offer and has acquired the 2,00,75,137 equity shares as per the Share Purchase Agreement on Friday, 15th May 2026, therefore the Equity shares will be transferred thereafter. In accordance with the conditions set out in Regulation 31A (10) of the SEBI (LODR) Regulations, we submit the following disclosures: 1. The intent of reclassification of the following entity from the “Promoter” category to “Public” category was disclosed under point no. 3.3.3 on page no. 11 and point no. 5.18 on page no. 20 of the Letter of Offer dated September 09, 2026. The Promoters have given their intent letters to reclassify themselves from Promoter’s Category to Public Category. Sr. No. Name No of Shares % No. of Shares % before Open Offer after open offer 1. Mr. Ashwani Kumar Gupta 1,63,83,572 25.14 Nil Nil 2. Ms. Rita Gupta 36,91,565 5.66 Nil Nil 2. In accordance with Regulation 31A(3)(b) of the SEBI (LODR) Regulations, the Promoters proposed for reclassification confirm that: i. they do not hold more than ten percent of the total voting rights in the Company; ii. they do not exercise direct or indirect control over the affairs of the Company; iii. they do not have any special rights with respect in the Company through formal or informal arrangements including through any shareholder agreements; iv. they shall not be represented on the Board of Directors of the Company (including as nominee directors) for a period of three years from the date of reclassification; v. they shall not act as Key Managerial Personnel of the Company for a period of three years from the date of reclassification; vi. they are not ‘will defaulter’ as per the Reserve Bank of India Guidelines; vii. they are not a fugitive economic offender. 3. Further, we hereby confirm and undertake the following in terms of Regulation 31A(3)(c) of the SEBI (LODR) Regulations: i. The Company is compliant with the requirement for minimum public shareholding as specified under Regulation 38 of the SEBI (LODR) Regulations. ii. The equity shares of the Company are not suspended from trading by the Stock Exchange i.e. BSE Limited, both the stock exchanges where the equity shares of the Company are presently listed. iii. The Company does not have any outstanding dues payable to the Securities and Exchange Board of India (SEBI), the Stock Exchanges, or the Depositories. Accordingly, this intimation is made in compliance with Regulation 31A(10)(ii) of the SEBI (LODR) Regulations. Further pursuant to the completion of Open Offer by the Acquirers, the Acquirers are now being classified as the promoters of our Company and persons acting in concert shall be the promoter group of the company and aforementioned Promoters are reclassified into public category, in terms of the Regulation 31A (10) of the SEBI (LODR) Regulations, with immediate effect. Kindly take the same on your record and oblige. Thanking you, Yours faithfully, For Cubical Financial Services Limited Manoj Agrawal Managing Director DIN: 02359108