Hubtown Limited has informed the Exchange regarding Proceedings of Extraordinary General Meeting held on Jun 27, 2025
HUBTOWN · price
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Hubtown Limited held its 01/2025-26 Extra-Ordinary General Meeting on June 27, 2025, via video conferencing, from 11:30 a.m. to 11:48 a.m., with 65 shareholders present. The Chairman, Mr. Hemant M. Shah, put forward 9 resolutions for members' approval, covering an increase in borrowing limits under Section 180(1)(c), creation of charges/mortgages on company assets, approval of loans and guarantees under Section 185, sale/disposal/leasing of material subsidiary assets, pledging of shares in material subsidiaries, re-appointment of Mr. Kartik Ruparel as Independent Director, material related party transactions, and cancellation of 1,59,574 unsubscribed equity shares. Members' queries were addressed by the Managing Director, and remote e-voting was conducted from June 23 to June 26, 2025. The final voting results were pending and would be communicated to the stock exchanges and posted on the company's website after the Scrutinizer's report.
The resolutions relate to routine corporate housekeeping and capital structure matters, but the outcome of voting and any significant related party transactions could affect investor sentiment. Shareholders should watch for the scrutinizer's report to confirm whether these key approvals were passed.