Hubtown Limited has informed the Exchange about Scheme of Arrangement under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013 in the nature of merger / amalgamation of Nitant Real Estate Private Limited ("NREPL" or "Transferor Company 1"), Amazia Developers Private Limited ( ADPL or Transferor Company 2 ) and Distinctive Realty Private Limited ( DRPL or Transferor Company 3 ) group companies, which are being, directly or indirectly, controlled by persons forming part of the Promoter and Promoter Group of Hubtown Limited, with Hubtown Limited ("HL" or "Transferee Company") and their respective shareholders and creditors with effect from the Appointed Date of July 01, 2025

Hubtown's Board has approved a two-step amalgamation scheme involving three promoter-group real estate companies. In Step 1, Distinctive Realty Private Limited (DRPL) will merge into Amazia Developers Private Limited (ADPL). In Step 2, both ADPL and Nitant Real Estate Private Limited (NREPL) will merge into Hubtown, effective from July 1, 2025. Hubtown will issue 6,203 shares for every 1 ADPL share and 16 shares for every 1 NREPL share, at an indicative value of around Rs 900 per share. Post-merger, the Hubtown Group expects pre-sales of roughly Rs 6,000 crore in the current financial year. The promoter group's stake in Hubtown will rise sharply from about 35% to around 63% (or 69% if other pending schemes are included), while public shareholders' holding will drop from 65% to around 31-37%. The scheme is a related-party transaction done at arm's length and is subject to NCLT, stock exchange, shareholder and creditor approvals.