Hubtown Limited shareholders have approved the Scheme of Arrangement for the merger of Saicharan Consultancy Private Limited with the company. The approval was granted during a meeting held on June 05, 2026, convened pursuant to the directions of the National Company Law Tribunal (NCLT), Mumbai Bench. The scheme involves the amalgamation of Saicharan Consultancy Private Limited with Hubtown Limited and their respective shareholders and creditors under Sections 230 to 232 of the Companies Act, 2013. Mr. Vyomesh Shah, Managing Director of Hubtown Limited, briefed the shareholders on the rationale and intended objectives of the scheme.

The meeting was conducted through video conferencing and other audio-visual means in compliance with the provisions of the Companies Act, 2013, and the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Mr. Sushil Kumar Agarwal, IRS (Retd.), presided over the meeting as the Chairperson, following his appointment by the NCLT via an order dated April 09, 2026.

Key Meeting Details

The meeting commenced at 11:00 A.M. IST on June 05, 2026, with the requisite quorum present. All members of the Board of Directors, the Chief Financial Officer, and the Company Secretary were in attendance. Mr. Shivil Kapoor, Company Secretary and Compliance Officer, assisted the Chairperson in conducting the proceedings.

Voting Process and Outcome

Remote e-voting was facilitated from June 02, 2026, to June 04, 2026, with the cut-off date for determining shareholder eligibility set as May 29, 2026. Electronic voting was also available during the meeting for shareholders who had not cast their votes remotely. The resolution to approve the Scheme of Arrangement was put to the vote and passed with the requisite majority.

The detailed voting results and the Scrutinizer’s Consolidated Report are expected to be announced within two working days of the meeting's conclusion. The results will be submitted to the stock exchanges and displayed on the company’s website and that of MUFG Intime India Private Limited.

Hubtown Limited has uploaded the transcript of the Investors and Analysts meeting held on May 20, 2026. The meeting was conducted to discuss the financial results for the fourth quarter and financial year ended March 31, 2026. The disclosure regarding the upload was made to BSE Limited and the National Stock Exchange of India Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Presentation Overview

The meeting centered on the company's investor presentation, which provides an overview of its operations and financials. It encompasses details regarding the company's performance in Q4FY26 and the full fiscal year 2026. The audio recording is now accessible on the company's website.

Key Operational Highlights

The company reported operational metrics for the fourth quarter and fiscal year 2026. In Q4FY26, the area sold was 0.17 million square feet (msf) across 184 units, with pre-sales of INR 7,790 Mn and collections of INR 4,032 Mn. For the full year FY26, the area sold totaled 1.04 msf across 663 units, with pre-sales of INR 43,823 Mn and collections of INR 19,100 Mn.

Proforma Financial Position

The presentation includes a proforma overview of the company's debt and portfolio following proposed mergers. As of March 31, 2026, the total proforma debt was reported at INR 53,282 Mn, a decrease of 37% from the previous total of INR 84,214 Mn. The reduction is attributed to repayments across various lender categories including banks, NBFCs, and institutional funds.

Future Guidance

During the meeting, management provided guidance for the upcoming fiscal year. The company targets pre-sales of INR 60,000 Mn and collections of INR 30,000 Mn for FY27. Management indicated that the majority of the surplus generated would be utilized to repay high-cost debt.

Compliance and Disclosure

The disclosure was signed by Shivil Kapoor, Company Secretary and Compliance Officer (Membership No.: F11865), on behalf of Hubtown Limited. The company stated that the presentation is for informational purposes only and does not constitute an offer or solicitation for any securities.