Hubtown Limited has informed the Exchange regarding allotment of 15,81,747 equity shares upon conversion of Warrants on Preferential Basis under the provisions of SEBI (ICDR) Regulations, 2018 at its meeting held on July 07, 2025
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Hubtown Limited has allotted 15,81,747 equity shares of Rs. 10/- each to promoter group member Falguni Vyomesh Shah upon conversion of an equal number of warrants. The warrants were originally allotted on September 30, 2024, at an issue price of Rs. 220/- per warrant. The company received Rs. 26.10 crore as the balance 75% payment (at Rs. 165/- per warrant) for the conversion. Post-allotment, the paid-up equity capital of the company has increased from Rs. 136.56 crore (13.65 crore shares) to Rs. 138.14 crore (13.81 crore shares). The new shares will rank pari passu with existing equity shares.
This is a promoter-driven warrant conversion that was pre-disclosed in September 2024, so it is largely a procedural event. However, it does increase the promoter's equity stake and slightly dilutes non-promoter shareholders' percentage holding. The Rs. 26.10 crore inflow strengthens the company's capital base.