Hubtown Limited shareholders have approved the Scheme of Arrangement for the merger of Saicharan Consultancy Private Limited with the company. The resolution was passed with 100% of the valid votes cast in favour, representing 6,26,00,857 shares, during a meeting held on June 05, 2026. The approval was granted pursuant to the directions of the National Company Law Tribunal (NCLT), Mumbai Bench, under Sections 230 to 232 of the Companies Act, 2013. The scheme involves the amalgamation of Saicharan Consultancy Private Limited with Hubtown Limited and their respective shareholders and creditors.

The meeting was conducted through video conferencing and other audio-visual means in compliance with 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. Mr. Ketan Dand, Practicing Company Secretary, served as the Scrutinizer for the voting process.

Voting Results

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. The detailed voting results show that the resolution secured the requisite majority from equity shareholders.

Public Shareholder Approval

The resolution also received approval from public shareholders, with 1,59,42,113 votes in favour and 525 votes against. As per the SEBI Master Circular, the Scheme of Arrangement shall be acted upon only if the votes cast by the public shareholders in favour of the resolution are more than the number of votes cast by the public shareholders against it. The Scrutinizer's Consolidated Report confirmed that the resolution was passed with the majority of persons representing more than three-fourths in value of the equity shareholders.

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.