Hubtown shareholders approve merger with Saicharan Consultancy

Listed Co AcquisitionNclt Scheme FiledStrategic Transactions View source PDF Explain this filing

HUBTOWN · price

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Price reactionminutes from the announcement price · days from the prior close

-4.0%Reaction day

₹204.20

prior close

₹203.88

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-2.0%-2.1% vs market

Residential Commercial Projects peers, median of 64sector-2.1%-1.9% vs sector

On the reaction day the stock moved 2.1 pts less than Nifty Microcap 250 and 1.9 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.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-2.2

10m

-2.7

15m

-2.8

30m

-3.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-4.0-2.0-2.1-2.1-1.9

Next day

-3.5-0.1-3.4-0.2-3.3

-7.5-1.6-5.9-1.5-6.0

-12.1-2.7-9.4-3.1-9.0

-9.5+0.3-9.8-0.6-8.9

-5.9+2.0-7.9+0.9-6.8

-3.8+3.7-7.5+2.7-6.4

15d

+2.3+5.2-3.0+2.7-0.5

-0.6+3.3-3.9+2.1-2.7

-12.0+9.0-21.0+4.5-16.5

-9.4+11.8-21.2+4.6-14.0

UpDownMarket · Nifty Microcap 250Sector · Residential Commercial Projects peers, median of 64Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Hubtown Limited equity shareholders approved the proposed merger of Saicharan Consultancy Private Limited into Hubtown, at an NCLT-directed meeting held on June 5, 2026 through video conferencing. The scheme was approved with the requisite majority. Saicharan Consultancy will merge into Hubtown under Sections 230 to 232 of the Companies Act 2013. Voting results and the scrutinizer's report will be filed with stock exchanges within two working days.

Likely market impact

Positive progress on the merger with Saicharan Consultancy. Final NCLT sanction and other regulatory clearances still pending.