Hubtown Limited has informed the Exchange about Incorporation of wholly owned Subsidiary.
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Hubtown Limited has incorporated a wholly-owned subsidiary named 25 Chalets Private Limited on March 30, 2026, in India. The new subsidiary will operate in the real estate sector, focusing on the development of real estate projects. Hubtown holds 100% of the shareholding in this entity, which has been set up with an authorized share capital of Rs. 1,00,000 and cash-based consideration. This is a routine corporate structuring move where the new entity will function as a 100%-owned arm of the parent company. The filing is being made to comply with SEBI disclosure requirements for such corporate actions.
This is a routine subsidiary incorporation with negligible financial impact on shareholders given the small initial capital of Rs. 1 lakh. However, it signals Hubtown's intent to pursue new real estate projects through a dedicated entity, which could help with project-level financing and risk isolation going forward.