Hubtown Limited has submitted the Exchange a copy Srutinizers report of Extraordinary General Meeting held on March 10, 2026. Further, the company has informed the Exchange regarding voting results.
HUBTOWN · price
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Hubtown Limited held an Extraordinary General Meeting on March 10, 2026, where shareholders voted on a Special Resolution to approve the issue of securities to investors. Out of 7.20 crore votes polled (50.71% of outstanding shares), 99.97% voted in favour and only 0.03% voted against. The promoter group voted unanimously in favour with 4.32 crore shares, while public institutions showed 96.51% support and public non-institutions showed 99.99% support. The resolution was declared passed as a Special Resolution with the requisite majority, as confirmed by the scrutinizer's report from Mihen Halani & Associates. The results have been filed with BSE and NSE under SEBI LODR Regulation 44(3) and are available on the company's website.
The overwhelming approval (99.97% in favour) signals strong shareholder backing for a potential fundraising through securities issuance, which could lead to dilution but also provide capital for growth. This is a procedural positive for the company, indicating shareholder confidence in management's capital-raising plans.