Hubtown Limited has scheduled an Extraordinary General Meeting (EGM) on Friday, June 19, 2026, to seek shareholder approval for the proposed scheme of arrangement for the merger of 25 West Realty Private Limited with the company. The meeting, convened pursuant to an order dated May 04, 2026, passed by the National Company Law Tribunal (NCLT), Mumbai Bench, will be held via video conferencing or other audio-visual means at 11.00 A.M. (IST). The appointed date for the scheme is April 01, 2025.

Scheme Details and Share Entitlement

The scheme involves the amalgamation of 25 West Realty Private Limited, a group company jointly controlled by the promoters of Hubtown Limited, with Hubtown Limited. As part of the arrangement, shareholders of the transferor company will receive 42 equity shares of Hubtown Limited for every 1 fully paid-up equity share held in 25 West Realty Private Limited. The face value of the shares is INR 10 each. The board of directors of both companies approved the share swap ratio based on a valuation report issued by Shashank Maloo, Registered Valuer, and a fairness opinion report issued by 3Dimension Capital Services Limited.

Meeting and Voting Information

The facility for remote e-voting will be available from June 16, 2026, to June 18, 2026. The cut-off date to determine shareholder entitlement for voting and attending the meeting is June 12, 2026. MUFG Intime India Private Limited has been appointed as the agency to provide e-voting and other facilities for the meeting. The NCLT has dispensed with the requirement of convening meetings for the secured and unsecured creditors of Hubtown Limited. The stock exchanges, BSE Limited and National Stock Exchange of India Limited, have issued observation letters dated November 14, 2025, with no adverse observations regarding the scheme.

Corporate Approvals and Next Steps

The boards of both Hubtown Limited and 25 West Realty Private Limited approved the scheme on June 30, 2025. The merger remains subject to the final sanction of the NCLT and other regulatory approvals. Shareholders may obtain a printed copy of the meeting documents free of charge by sending a request to the Company Secretary at investorcell@hubtown.co.in .

Hubtown Limited has filed its audited standalone and consolidated financial results for the year ended March 31, 2026. The company reported a consolidated Profit After Tax (PAT) of Rs. 168 crore for FY26, a surge of 205% compared to the previous year. Revenue from operations rose 58% to Rs. 644 crore, while Total Income stood at Rs. 833 crore. The Board of Directors approved the results at its meeting held on May 14, 2026.

Consolidated Financial Performance

The company delivered robust growth across its consolidated financials for FY26. Profit Before Tax (PBT) nearly doubled, increasing 95% to Rs. 188 crore, with the PBT margin expanding to 29% from 24% in FY25. The PAT margin improved significantly to 26% from 14% in the prior year. The following table summarises the consolidated financial highlights:

Auditor's Report and Qualified Opinion

JBTM & Associates LLP, the statutory auditors, issued a qualified opinion on the standalone financial results. The qualification arises because the company did not provide for interest expense amounting to Rs. 1,751.85 lakhs on certain inter-corporate deposits. Consequently, the finance cost for the year ended March 31, 2026, was understated by Rs. 1,751.85 lakhs, resulting in a consequential increase in profit. The auditors noted that one inter-corporate deposit of Rs. 4,375.39 lakhs was fully repaid during the quarter.

The auditors also drew attention to several emphasis of matter points, including corporate guarantees issued aggregating Rs. 81,240 Lakhs and the realizable value of inventories for projects Malibu and Beverly.

Standalone Financial Results

On a standalone basis, the company reported a Total Income of Rs. 5,101.7 crore for FY26, compared to Rs. 3,871.9 crore in the previous year. Net Profit for the period stood at Rs. 109.22 crore, up from Rs. 76.31 crore in FY25. Earnings Per Share (EPS) increased to Rs. 7.81 from Rs. 7.19.

Operational Highlights and Management Commentary

On a proforma basis, which includes proposed merger entities, the company reported pre-sales of Rs. 4,382 crore and collections of Rs. 1,910 crore for FY26. The proforma unrecognized revenue of Rs. 11,365 crore provides visibility on near-term cash flows.

Commenting on the performance, Mr. Vyomesh Shah, MD & Co-Founder of Hubtown Limited, stated that while demand experienced moderation amid macroeconomic headwinds, the company continued to build momentum in its premium and luxury residential portfolio in the MMR region. He noted progress on strategic consolidation initiatives, including NCLT approval for the amalgamation of 25 West Realty Private Limited and Saicharan Consultancy Private Limited.

Looking ahead to FY27, the company targets pre-sales of Rs. 6,000 crore and cash collections of Rs. 3,000 crore, supported by planned launches in projects such as 25 West and 25 Downtown.