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.

Hubtown Limited , a prominent player in the real estate sector, has made a strategic move to strengthen its position in the bus terminal infrastructure business. The company has signed Share Purchase Agreements to acquire additional stakes in four of its subsidiary companies, marking a significant development in its corporate structure and resolving long-standing legal disputes.

Key Highlights of the Acquisition

• Total Investment: Hubtown Limited will invest Rs. 16.00 crores to increase its stakes in four subsidiary companies.
• Subsidiaries Involved: The acquisition targets Hubtown Bus Terminal companies in Adajan, Ahmedabad, Mehsana, and Vadodara.
• Increased Control: The transaction will boost Hubtown's voting control from 45% to 55% in three of the companies, making them subsidiaries.
• Legal Resolution: The deal settles five ongoing litigations with GVFL Trustee Company Private Limited, pending since 2015.

Breakdown of the Acquisition

Financial Performance of Acquired Entities

The four bus terminal companies have shown varying financial performances in the recent fiscal year:

• Combined Turnover: Rs. 4,830.38 lakhs
• Individual Performances:
  • Adajan: Rs. 526.38 lakhs
  • Ahmedabad: Rs. 687.88 lakhs
  • Mehsana: Rs. 3,284.05 lakhs
  • Vadodara: Rs. 332.07 lakhs

Strategic Implications

This acquisition aligns with Hubtown Limited's core business of real estate construction and development of residential and commercial premises. By increasing its stakes in these bus terminal companies, Hubtown is poised to strengthen its foothold in the infrastructure development sector, particularly in Gujarat.

Transaction Details

• Payment Method: The acquisition will be completed through installments via cheque.
• Completion Timeline: The final payment is scheduled for February 2, 2026.
• Regulatory Approval: No governmental or regulatory approvals are required for this acquisition.

Impact on Corporate Structure

Post-acquisition, three of the four companies will become subsidiaries of Hubtown Limited, as the voting control increases to 55%. This change in corporate structure is expected to give Hubtown more operational control and strategic flexibility in managing these assets.

Conclusion

This strategic move by Hubtown Limited not only expands its portfolio in the bus terminal infrastructure segment but also resolves long-standing legal issues, potentially paving the way for smoother operations and growth in the future. The acquisition reflects the company's commitment to strengthening its presence in key infrastructure projects across Gujarat.