Hubtown Limited has informed the Exchange regarding Notice of Court Covened General Meeting to be held on Jun 19, 2026
HUBTOWN · price
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Hubtown Limited has called a shareholder meeting on June 19, 2026 to vote on a proposed merger/amalgamation scheme. Under this scheme, 25 West Realty Private Limited (an unlisted group company jointly controlled by Hubtown's promoters) will merge into Hubtown Limited. The NCLT Mumbai Bench passed an order on May 04, 2026 directing this meeting. The appointed date for the merger is April 01, 2025. Shareholders can vote via remote e-voting from June 16-18, 2026, with a cut-off date of June 12, 2026. The scheme requires approval by 3/4th majority in value and also public shareholder approval under SEBI regulations. The merger is subject to further NCLT sanction after shareholder approval.
If approved, this merger will consolidate the promoter-controlled real estate entity into the listed company, potentially simplifying the group structure. Shareholders should vote considering the valuation report and fairness opinion already obtained from BSE and NSE.