Hubtown Limited has informed the Exchange regarding Proceedings of Extraordinary General Meeting held on September 23, 2025
HUBTOWN · price
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Hubtown Limited held an Extraordinary General Meeting (EGM) on September 23, 2025, conducted via Video Conferencing from 11:30 a.m. to 11:42 a.m., with 57 shareholders present. The meeting, chaired by Mr. Hemant M. Shah, considered one special business item: approval for issuance of equity shares to private investors through a preferential issue ('Investors Equity Issue'), which required a Special Resolution. E-voting was open from September 19 to September 22, 2025, with Mr. Mihen Halani appointed as the scrutinizer. The voting results have not yet been declared and will be shared with the exchanges and posted on the company's website.
If approved, the preferential allotment to private investors will dilute existing shareholders' stakes and bring new capital into the company. Investors should watch for the scrutinizer's report to confirm whether the resolution was passed and assess the issue price and extent of dilution.