Hubtown Limited has informed the Exchange regarding allotment of 954570 equity shares upon conversion of Warrants on Preferential Basis under the provisions of SEBI (ICDR) Regulations, 2018 at its meeting held on July 02, 2025
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Hubtown Limited has allotted 954,570 equity shares of Rs. 10 each to Kunjal Hemant Shah, a member of the promoter group, upon conversion of an equal number of warrants. These warrants were originally issued on September 30, 2024 as part of a 1.25 crore warrant preferential allotment at Rs. 220 per share. The allottee paid the balance 75% of Rs. 165 per warrant, bringing in approximately Rs. 15.75 crore to the company. As a result, the company's paid-up equity capital has risen from Rs. 135.60 crore (13.56 crore shares) to Rs. 136.55 crore (13.65 crore shares). The newly allotted shares will rank equally with existing equity shares.
This is a minor dilution of about 0.7% in total share count. Since the allotment is to a promoter group member, the promoter holding effectively gets reinforced, signalling continued promoter commitment and confidence in the business.