GST Department conducts search and seizure at Hubtown office

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HUBTOWN · price

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Price reactionminutes from the announcement price · days from the prior close

-3.5%Reaction day

₹241.02

prior close

₹239.10

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.5%-2.9% vs market

Residential Commercial Projects peers, median of 61sector-0.1%-3.3% vs sector

On the reaction day the stock moved 2.9 pts less than Nifty Microcap 250 and 3.3 pts less than its Residential Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Sessions after the filingfrom the prior close

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Reaction day

-3.5-0.5-2.9-0.1-3.3

Next day

-2.5-1.0-1.5-0.9-1.6

-8.7-2.5-6.3-3.1-5.6

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-15.6-4.5-11.0-9.2-6.4

-7.1+5.4-12.4-4.0-3.0

UpDownMarket · Nifty Microcap 250Sector · Residential Commercial Projects peers, median of 61Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

The GST Department, Mumbai has started an inspection, search and seizure operation at Hubtown Limited's registered office on February 09, 2026. The operation is currently ongoing. The company is collecting information and responding to queries, and will share updates once the operation concludes. The company says it is fully cooperating with officials and that business operations are continuing as usual. No financial impact or quantum has been disclosed yet.

Likely market impact

Short-term negative sentiment possible; outcome of the search could lead to tax demand or penalties if irregularities are found.