Hubtown Limited has submitted the Exchange a copy Srutinizers report 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 via video conferencing, where one special resolution was put to vote: issuance of equity shares to private investors through a preferential issue. The resolution was passed with overwhelming support, with 99.99% of votes (5,38,29,952 shares held by 103 members) cast in favour and only 242 votes against. Promoter and Promoter Group polled 3,94,49,247 votes (82.81% of their outstanding shares), all in favour. Public Institutions polled 4,37,729 votes (100% in favour) and Public Non-Institutions polled 1,39,42,976 votes (99.9983% in favour). The promoters and promoter group declared no interest in the preferential issue, confirming the shares are being allotted to external private investors.
Shareholders have greenlit the preferential equity issue to private investors, which will dilute existing shareholdings but bring in fresh capital to the company. The near-unanimous approval indicates strong investor confidence in the fundraising plan, though retail shareholders should expect some equity dilution once the allotment is completed.