Hubtown Limited has informed the Exchange about Copy of Newspaper Publication
HUBTOWN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Hubtown Limited has published newspaper advertisements about meetings scheduled for equity shareholders and unsecured creditors to vote on a proposed scheme of arrangement. The scheme involves the merger/amalgamation of Saicharan Consultancy Private Limited (Transferor Company) with Hubtown Limited (Transferee Company) under Section 230-232 of the Companies Act, 2013. The NCLT Mumbai Bench, through its order dated April 09, 2026, has directed these meetings to be held via video conferencing on June 05, 2026 – equity shareholders at 11:00 AM and unsecured creditors at 3:00 PM. This is a standard regulatory requirement for shareholder and creditor approval before the scheme can be implemented.
Shareholders and unsecured creditors of Hubtown Limited should participate in these meetings or vote remotely before the deadlines to have their say on this consolidation. If approved by all parties and subsequently sanctioned by NCLT, the merger will result in Saicharan Consultancy becoming part of Hubtown Limited.