Hubtown Limited , a prominent real estate company, has seen a significant increase in promoter shareholding following a recent warrant conversion. Two key promoters, Falguni V. Shah and Kunjal H. Shah, converted a portion of their warrants into equity shares, strengthening their stake in the company.

Promoter Acquisitions

Falguni V. Shah's Acquisition

Falguni V. Shah, a member of the promoter group, acquired 1,581,747 shares through warrant conversion, representing 1.15% of the total share capital. This move increased Shah's personal holdings from 1.59% to 2.71% of the company's total share capital.

Kunjal H. Shah's Stake Increase

Similarly, Kunjal H. Shah, another promoter, converted warrants to acquire 954,570 shares, equivalent to 0.69% of the total share capital. As a result, Kunjal H. Shah's shareholding in Hubtown Limited rose from 2.36% to 3.03%.

Impact on Promoter Group Holding

The combined effect of these transactions has led to a notable increase in the promoter group's overall stake in Hubtown Limited. The promoter group's total holding now stands at 33.34% of the company's share capital, up from their previous position.

Warrant Conversion Details

These acquisitions are part of a larger warrant conversion program initiated by Hubtown Limited. The company had originally issued 12.5 million warrants to members of the promoter group. With this recent conversion, a total of 8,786,317 warrants have been converted into equity shares, leaving 3,713,683 warrants still available for future conversion.

Updated Share Capital Structure

Following these transactions, Hubtown Limited's equity share capital structure has been updated:

Diluted Share Capital

The total diluted share capital of Hubtown Limited after this acquisition stands at 142,100,657 shares, accounting for the potential conversion of remaining warrants and other convertible securities.

This strategic move by the promoters to increase their stake through warrant conversion demonstrates their confidence in Hubtown Limited's future prospects and their commitment to the company's growth trajectory in the real estate sector.

Hubtown Limited , a prominent real estate developer, has issued a corrigendum to its Extra-Ordinary General Meeting (EGM) notice, providing key updates on its proposed ₹500.59 crore preferential share issue. The company plans to allot 1.47 crore equity shares at ₹341 per share to 101 private investors, with the EGM scheduled for September 23, 2025.

Revised Fund Utilization Plan

The corrigendum outlines a modified allocation of the funds to be raised:

Key Highlights

• Issue Price: The equity shares will be issued at ₹341 per share, which represents the floor price as per SEBI regulations.
• Investor Category: All proposed investors belong to the non-promoter public category and will maintain this status post-allotment.
• Relevant Date: August 22, 2025, has been set as the relevant date for determining the floor price.
• Completion Timeline: The company expects to utilize the funds within 9-12 months from receipt.

Updated Disclosures

The corrigendum provides more detailed information on:

• The identity of the proposed allottees and their ultimate beneficial owners
• Pre and post-issue shareholding patterns
• Interim use of issue proceeds

Monitoring Agency

Brickwork Ratings India Private Limited has been appointed as the monitoring agency to oversee the use of the preferential issue proceeds, as required by SEBI regulations for issues exceeding ₹100 crore.

Impact on Shareholding

Post-issue, the promoter and promoter group shareholding is expected to decrease from 34.10% to 31.75%, while public shareholding will increase from 65.90% to 68.25%.

Conclusion

This preferential issue represents a significant move for Hubtown Limited to strengthen its financial position and support its ongoing projects. The detailed disclosures in the corrigendum demonstrate the company's commitment to transparency and regulatory compliance in its capital raising efforts.