Hubtown Limited will conduct a virtual group meeting with analysts and institutional investors on Monday, September 28, 2026. The session is scheduled for 5:00 pm IST and is hosted by Arihant Capital as part of the Bharat Connect Conference – Rising Star September 2026.

Meeting details

The company filed an intimation with the stock exchanges regarding the schedule of the interaction under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting is designated as a group interaction conducted virtually.

Compliance and disclosures

The company stated that no unpublished price sensitive information (UPSI) pertaining to Hubtown will be shared during the meeting with analysts or institutional investors. The schedule remains subject to change due to exigencies on the part of the analysts, investors, or the company.

The intimation was signed by Shivil Kapoor, Company Secretary & Compliance Officer, on September 23, 2026.

Hubtown Limited shareholders approved all six resolutions at its 38th Annual General Meeting held on September 18, 2026. The key agenda item was the issuance of fully convertible bonds (FCCBs) up to US$150 million, which passed as a special resolution.

The meeting also covered ordinary business items, including the adoption of audited financial statements for FY26 and the reappointment of Managing Director Vyomesh M. Shah. All resolutions were passed with the requisite majority, as confirmed by the scrutinizer's report dated September 19, 2026.

Voting Participation

A total of 65,529,924 votes were polled out of 142,100,657 outstanding shares, representing a 46.12% participation rate. E-voting was the dominant mode of participation, with remote e-voting conducted from September 14 to September 17, 2026. Mihen Halani & Associates served as the scrutinizer for the process.

Resolution Results

All six resolutions were approved. The promoter group voted in favor of every resolution, casting nearly 72% of the total polled votes. However, institutional investors showed significant dissent on certain items.

Capital Raise and Governance

The special resolution to approve the US$150 million FCCB issuance received 99.10% support. Similarly, the reappointment of Vyomesh M. Shah passed with 99.60% approval. The adoption of audited financial statements for FY26 was supported by 99.10% of voters.

Related-Party Transactions

Two ordinary resolutions regarding material related-party transactions (RPTs) — one for the company and one for its subsidiaries — faced notable opposition from institutional investors. While both resolutions passed overall due to strong support from non-institutional public shareholders, institutions voted against them at rates exceeding 96%.

What the Numbers Show

The voting pattern reveals a clear divergence between promoter/non-institutional public shareholders and institutional investors regarding related-party transactions. While promoters abstained from voting on RPTs (as required by regulations), institutional investors cast 98.83% of their votes against the company's RPTs and 96.24% against subsidiary RPTs. Despite this institutional dissent, the resolutions passed comfortably because non-institutional public shareholders supported them with near-unanimous approval (99.99%). This highlights the decisive influence of retail and non-institutional equity holders in approving these specific corporate actions.