Hubtown Limited has announced the successful completion of its Extra-Ordinary General Meeting (EGM) held on March 10, 2026, where shareholders provided overwhelming support for the company's proposal to issue securities to investors. The meeting was conducted through video conferencing in compliance with regulatory guidelines.

Meeting Participation and Voting Details

The EGM witnessed participation from 75 shareholders through video conferencing, comprising 23 promoter and promoter group members and 52 public shareholders. The company had a total of 34,617 shareholders on the record date of March 02, 2026.

Voting Results and Shareholder Support

The resolution to approve the issue of securities received exceptional support from shareholders across all categories. The voting was conducted through both remote e-voting (March 06-09, 2026) and e-voting during the meeting.

Category-wise Voting Breakdown

The voting pattern demonstrated strong confidence across all shareholder categories:

Promoter and Promoter Group:

• Total shares held: 49,770,414
• Votes polled: 49,770,414 (100.00% participation)
• Support: 49,770,414 votes in favour (100.00%)
• Opposition: 0 votes against (0.00%)

Public Institutions:

• Total shares held: 2,782,694
• Votes polled: 589,569 (21.19% participation)
• Support: 569,013 votes in favour (96.51%)
• Opposition: 20,556 votes against (3.49%)

Public Non-Institutions:

• Total shares held: 89,547,549
• Votes polled: 21,705,401 (24.24% participation)
• Support: 21,703,025 votes in favour (99.99%)
• Opposition: 2,376 votes against (0.01%)

Regulatory Compliance and Documentation

The EGM was conducted in accordance with Section 108 of the Companies Act, 2013, and various MCA and SEBI circulars. M/s. Mihen Halani & Associates, Practicing Company Secretaries, served as the scrutinizer for the voting process. The scrutinizer's report confirmed that the resolution was duly passed as a Special Resolution with the requisite majority.

The voting results and scrutinizer's report have been made available on the company's website at www.hubtown.co.in , fulfilling the disclosure requirements under Regulation 30 and 44(3) of the SEBI Listing Regulations. The company has submitted this information to both BSE Limited and National Stock Exchange of India Limited as per regulatory obligations.

Hubtown Limited has informed investors about a GST inspection operation conducted by the Mumbai tax authorities at its premises and those of its subsidiary. The search and seizure operation took place over five days, with the company maintaining full cooperation throughout the process.

GST Inspection Details

The Goods & Service Tax Department Mumbai conducted the inspection operation from February 09, 2026 to February 13, 2026. The operation covered both Hubtown Limited and its subsidiary Joynest Premises Private Limited at their registered offices.

Areas of Investigation

The search and inspection operation examined several key areas of GST compliance. The investigation focused on multiple aspects of tax compliance including payment of tax obligations, claims for input tax credit, tax implications on supply of corporate guarantee services, reversal of input tax credit, and payment of deemed tax under real estate activities.

Both Hubtown Limited and Joynest Premises Private Limited provided all necessary documents, clarifications, and details as requested by the GST officials during the inspection period.

Company Response and Cooperation

The company emphasized its full cooperation with the GST Department officials throughout the operation. All necessary documents, information, and clarifications were provided as requested by the authorities. The company has committed to continue extending full cooperation and furnishing any additional information that may be required by the authorities in the future.

Operational Impact Assessment

Despite the inspection operation, business operations of both Hubtown Limited and Joynest Premises Private Limited continued as usual during the search and inspection proceedings. The company has stated that there is no material impact on the financial position, operations, or other activities of either entity due to the GST inspection.

The disclosure was made under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, ensuring transparency with investors and stakeholders regarding the regulatory inspection.