Hubtown Limited has informed the Exchange regarding the Board meeting held on February 13, 2026, Financial Results, Raising of funds through issuance of equity shares and / or convertible bonds (CBs), and / or non-convertible instruments and / or any other instruments and / or combination of instruments and the notice for extraordinary general meeting of the Shareholders to seek approval of the Shareholders for the aforesaid issuance of Securities and ancillary actions.
HUBTOWN · price
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On the reaction day the stock moved 4.9 pts less than Nifty Microcap 250 and 4.9 pts less than its Residential Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Hubtown's board approved unaudited Q3 and 9-month FY26 results on Feb 13, 2026. Standalone revenue from operations fell to Rs. 2,760 lakhs in Q3 (vs Rs. 4,795 lakhs a year ago), but 9-month revenue rose ~31% to Rs. 28,187 lakhs. Standalone 9-month PAT nearly doubled to Rs. 9,284 lakhs (vs Rs. 4,642 lakhs). Consolidated 9-month PAT jumped to Rs. 13,730 lakhs from Rs. 4,403 lakhs. The board also approved raising up to Rs. 6,000 million through equity shares, convertible bonds, QIP, preferential allotment, or rights issue, subject to shareholder approval at an EGM. The auditor issued a qualified review report, noting the company has not provided for Rs. 5,695.27 lakhs of interest on inter-corporate deposits in 9M FY26, which understates finance costs and overstates profit.
Headline profit numbers look strong but are overstated due to the auditor's qualified opinion on unprovided interest on inter-corporate deposits, a key red flag for investors. The proposed Rs. 600 crore fund raise may lead to equity dilution for existing shareholders.