Hubtown Ltd promoter Vyomesh M. Shah HUF acquires 472,354 shares

Vyomesh M. Shah HUF increased its shareholding in Hubtown Limited by acquiring 472,354 equity shares on June 25, 2026. This acquisition followed the release of shares by Edelweiss Investment Advisors Limited after an encumbrance on 1,711,170 equity shares was invoked on March 27, 2026. The transaction raised the promoter's stake to 1.89% of the total paid-up share capital. The disclosure was submitted to BSE Limited and the National Stock Exchange of India Limited on June 26, 2026, under Regulation 29(3) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The filing detailed the changes in shareholding and the status of encumbrances for the promoter group. Prior to the acquisition, Vyomesh M. Shah HUF held 2,213,830 shares, representing 1.56% of the share capital. Following the credit of 472,354 shares to the demat account of Vyomesh M. Shah HUF, the total holding increased to 2,686,184 shares. The total paid-up share capital of the company remained at 142,100,657 equity shares of ₹10 each.

Promoter Group Holding and Encumbrance Status

The disclosure provided a breakdown of the shareholding and encumbrance details for the promoter group. The table below outlines the holdings of key promoters and the status of their encumbered shares as of the reporting date.

Promoter Name	Total Holding	% of Share Capital	Encumbered Shares	% of Encumbered Shares
Vyomesh M. Shah	5,181,349	3.65	4,500,000	3.17
Kushal H. Shah	2,543,739	1.79	1,400,000	0.99
Vyomesh M. Shah HUF	2,686,184	1.89	0	0.00
Hemant M. Shah	3,670,000	2.58	1,600,000	1.13
Hemant M. Shah HUF	3,700,050	2.60	0	0.00
Khilen V. Shah	5,730,721	4.03	0	0.00
Kunjal H. Shah	4,306,739	3.03	0	0.00
Rushank V. Shah	5,749,550	4.05	0	0.00
Meha R. Shah	3,600,000	2.53	0	0.00
Pratiti M. Shah	3,600,000	2.53	0	0.00
Mahipatray V. Shah HUF	1,720,000	1.21	0	0.00
Falguni V. Shah	3,853,266	2.71	0	0.00
Ukay Valves and Founders Private Limited	300,000	0.21	0	0.00
High Scale Trading Private Limited	300,000	0.21	0	0.00
Total	47,131,598	33.17	7,500,000	5.28

The total promoter group holding stood at 47,131,598 shares, accounting for 33.17% of the total share capital. The total encumbered shares within the promoter group amounted to 7,500,000 shares, or 5.28% of the total share capital. The acquisition by Vyomesh M. Shah HUF increased the overall promoter group holding by 0.33%.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.16%	-0.82%	-0.19%	-10.98%	-31.02%	+656.63%

Hubtown Limited shareholders and creditors have approved the merger of Saicharan Consultancy Private Limited and 25 West Realty Private Limited with the company, sanctioning two Schemes of Arrangement under Sections 230 to 232 of the Companies Act, 2013. The resolutions were passed during meetings convened pursuant to the directions of the National Company Law Tribunal (NCLT), Mumbai Bench. While the schemes have been approved by equity shareholders and unsecured creditors with the requisite majority, they remain subject to the sanction of the Hon'ble NCLT and other statutory approvals.

Strategic Rationale

The amalgamation of Saicharan Consultancy Private Limited is a strategic initiative to consolidate Hubtown's ownership in Rare Townships Private Limited, a subsidiary developing the "Rising City" project in Ghatkopar (East), Mumbai. Saicharan Consultancy Private Limited held a 21.17% equity stake in Rare Townships Private Limited at the time of the Board's approval, and the merger is expected to increase Hubtown's revenue share in the project by 21.17%. The merger of 25 West Realty Private Limited involves the integration of a super-luxury residential project located at Bandra (West), Mumbai, which is expected to generate total revenue of approximately ₹6,000 crores. These schemes are intended to strengthen the revenue base and profitability of the company through the consolidation of business operations and ownership interests in key real estate projects.

Merger Terms

The schemes specify the exchange ratios for the equity shareholders of the transferor companies. The allotment of shares is subject to the schemes becoming effective and the receipt of all requisite approvals.

Transferor Company	Shares Allotted per Share	Face Value
Saicharan Consultancy Private Limited	648	₹10
25 West Realty Private Limited	42	₹10

Project Status

The "Rising City" project in Ghatkopar comprises 6 residential buildings. Five buildings have been completed and have received Occupation Certificates (OC), while the last building is expected to be completed by March 2027. The "25 West" project is positioned to generate strong demand and financial returns given its prime location and premium positioning in Bandra (West), Mumbai.