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.

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.