Hubtown Limited has received trading approval from both the National Stock Exchange of India Limited (NSE) and BSE Limited for its preferential issue of equity shares pursuant to conversion of warrants. The company informed the stock exchanges about this development through a regulatory filing dated December 10, 2025.

Trading Approval Details

Both stock exchanges granted trading approval for 21,31,936 equity shares of ₹10 each allotted to promoters on a preferential basis. The approval was communicated through letters dated December 10, 2025, with NSE reference number NSE/LIST/52284 and BSE reference number LOD/PREF/SV/205/2025-2026.

Share Conversion Process

The equity shares were issued pursuant to the conversion of warrants on a preferential basis. These shares carry a premium of ₹210 per share, making the total issue price ₹220 per equity share. The distinctive numbers for these shares range from 139968722 to 142100657.

Exchange Listing Confirmation

NSE confirmed that the equity shares are listed and admitted to dealings on the exchange from December 11, 2025 under the symbol HUBTOWN in the EQ series. BSE also confirmed the listing of the securities effective from December 11, 2025, with a notice issued to trading members on December 10, 2025.

Lock-in Requirements

The shares issued to promoters are subject to a lock-in period until July 31, 2027, as specified in the NSE approval letter. This lock-in provision ensures compliance with regulatory requirements for preferential issues to promoters.

Regulatory Compliance

The company has fulfilled all regulatory requirements under the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. NSE has advised the company to use NEAPS (NSE Electronic Application Processing System) for all future critical and price-sensitive information submissions.

The trading approval represents the completion of the regulatory process for the preferential issue, enabling these equity shares to be traded on both major Indian stock exchanges from December 11, 2025.

Hubtown Limited , a prominent real estate developer, has withdrawn its proposed ₹500.59 crore preferential share issue after receiving in-principle approval from both BSE and NSE. The company cited investor unwillingness to participate due to current market conditions marked by uncertainties and volatility.

Timeline of Key Events

The preferential issue had progressed through several regulatory milestones before its withdrawal:

Proposed Issue Structure

The withdrawn preferential issue was structured to raise ₹500.59 crore through the allotment of 1.47 crore equity shares at ₹341 per share to 101 private investors. The funds were intended for multiple corporate purposes:

Reasons for Withdrawal

According to the company's communication to stock exchanges, the proposed investors expressed unwillingness to participate in the preferential issue. Key factors contributing to this decision included:

• Current market conditions characterized by uncertainties and volatility
• Substantial time passage since the initial board consideration
• Regulatory requirement to complete allotment within 15 days of receiving in-principle approval

Impact Assessment

Hubtown Limited has assured stakeholders that the withdrawal will not have any material impact on the company's business operations or financial stability. The company indicated it may explore alternative avenues for capital raising as required for business needs.

Future Capital Raising Plans

While the current preferential issue has been withdrawn, the company has committed to keeping stakeholders informed about any future capital raising developments. The withdrawal comes at a time when market conditions have made equity fundraising challenging for many companies in the real estate sector.