Hubtown Limited has submitted revised unaudited financial results for Q3FY26 to stock exchanges, correcting typographical errors in consolidated financial statements nomenclature. The company reported strong financial performance for the quarter ended December 31, 2025, alongside ongoing regulatory matters including GST inspection operations.

Revised Financial Results Submission

The company submitted revised financial results to BSE Limited and National Stock Exchange of India Limited on February 13, 2026, addressing nomenclature corrections in consolidated financial statements. The revision details include:

Q3FY26 Financial Performance

The company delivered mixed financial performance during the quarter, with significant improvement in profitability despite revenue decline.

Nine Months Performance Overview

For the nine months ended December 31, 2025, Hubtown Limited showed significant improvement across all key metrics compared to the corresponding period.

Consolidated Results Performance

On a consolidated basis, the company reported stronger performance with total income of ₹13,177 lakhs for Q3FY26 and net profit attributable to owners of ₹2,234 lakhs. The nine months consolidated results showed total income of ₹63,010 lakhs with net profit attributable to owners of ₹12,568 lakhs.

Auditor Qualification and Ongoing Matters

The statutory auditors issued a qualified review report noting that the company has not provided interest amounting to ₹1,905.33 lakhs for the quarter and ₹5,695.27 lakhs for nine months on certain inter-corporate deposits. The company is seeking waiver or reduction in interest rates and has substantially repaid the principal amounts. Additionally, the company continues to face a GST inspection and search operation by the Mumbai GST Department that commenced on February 09, 2026, at the company's registered office while maintaining full cooperation and normal business operations.

Fundraising Initiative

The Board has approved raising funds through various instruments for an amount not exceeding ₹6,000 million through equity shares, convertible bonds, non-convertible instruments via QIP, preferential allotment, rights issue, or combination thereof, subject to shareholders and regulatory approvals.

Hubtown Limited has issued a corporate guarantee to Catalyst Trusteeship Limited for securing Non-Convertible Debentures (NCDs) up to ₹300.00 crores proposed by its subsidiary Joynest Premises Private Limited. The disclosure was made on December 31, 2025, pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Corporate Guarantee Details

The corporate guarantee secures the proposed NCD issuance in one or more tranches by Joynest Premises Private Limited, a subsidiary of Hubtown Limited. The funds raised through this initiative are expected to strengthen the execution capability of both Joynest and the parent company to ensure timely delivery of subsequent phases of the landmark Hubtown Seasons project.

Project Funding and Utilization

The Hubtown Seasons project is being jointly developed by Joynest and Hubtown Limited on CTS No. 469-A in Chembur, Mumbai, Maharashtra. The NCD proceeds will be utilized entirely towards the development and completion of the project, with specific focus on construction costs of sale buildings, PWD buildings, and approval costs for sale buildings.

The company plans to complete the second phase of the Hubtown Seasons project, specifically the H wing onwards, with the infusion of funds being raised through the NCDs. The original subscribers and debenture holders are funds managed by Neo Asset Management Private Limited along with its co-investors.

Regulatory Compliance and Impact

The transaction has been structured in compliance with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/CIR/2023/123 dated July 13, 2023. Key regulatory aspects include:

Financial Implications

The corporate guarantee will be disclosed as a contingent liability to the extent of the proposed NCDs subscribed by the debenture holders in Hubtown Limited's books. The company has confirmed that the transaction is carried out at arm's length, despite the promoter group's interest through the subsidiary relationship.

The corporate guarantee has been executed through a Deed of Corporate Guarantee between Hubtown Limited and the Debenture Trustee, setting out the terms and conditions for securing the NCD issuance. This financial arrangement demonstrates the company's commitment to supporting its subsidiary's project development activities while maintaining regulatory compliance.