Hubtown: Unsecured creditors approve merger with Saicharan Consultancy

Nclt Scheme FiledStrategic Transactions View source PDF Explain this filing

HUBTOWN · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

+0.5%Reaction day

₹196.00

prior close

₹193.55

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.9%-1.4% vs market

Residential Commercial Projects peers, median of 65sector+1.6%-1.1% vs sector

On the reaction day the stock moved 1.4 pts less than Nifty Microcap 250 and 1.1 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

+1.4

10m

+1.9

15m

+1.6

30m

+1.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.5+1.9-1.4+1.6-1.1

Next day

-3.6+0.4-4.0+0.3-3.9

-8.4-0.7-7.7-0.7-7.7

-5.7+2.3-8.0+1.7-7.4

-2.0+4.1-6.0+3.4-5.4

+3.2+4.6-1.4+4.3-1.1

+1.6+6.3-4.7+5.3-3.7

15d

+9.1+7.5+1.6+6.0+3.1

+3.6+7.4-3.8+6.1-2.5

-8.3+11.2-19.5+6.1-14.4

-6.1+13.9-20.0+5.3-11.5

UpDownMarket · Nifty Microcap 250Sector · Residential Commercial Projects peers, median of 65Pending

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

AI summary

Hubtown Limited submitted the Scrutinizer's report for the NCLT convened meeting of unsecured creditors held on June 5, 2026, regarding the proposed merger of Saicharan Consultancy Private Limited with Hubtown. All 48 unsecured creditors, representing around Rs. 114.56 crores in value, approved the resolution with 100 percent votes in favour. The scheme has cleared the unsecured creditors approval hurdle and now moves toward final NCLT sanction.

Likely market impact

Positive progress on the merger; scheme still needs NCLT sanction, shareholder and other regulatory approvals to conclude.