Publication of News Paper Advertisement with respect to notice of meeting of Equity Shareholder s and Unsecured Creditors of the Company in the matter of Scheme of Arrangement .
HUBTOWN · price
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Hubtown Ltd has published newspaper advertisements informing about meetings scheduled for June 5, 2026 for equity shareholders (11:00 AM) and unsecured creditors (3:00 PM) to consider and approve a proposed merger/amalgamation of Saicharan Consultancy Private Limited (Transferor Company) into Hubtown Ltd (Transferee Company). The meetings are being convened as per NCLT Mumbai Bench order dated April 9, 2026 under Sections 230-232 of Companies Act, 2013. The meetings will be held via video conferencing with remote e-voting facilities. Shareholders on record as of May 29, 2026 and creditors on the specified cut-off date will be eligible to vote. Mr. Sushil Kumar Agarwal has been appointed as the Chairperson and Mr. Ketan Dand as Scrutinizer for the meetings.
The outcome of these meetings will determine whether this intra-group merger proceeds. If approved, it would result in Saicharan Consultancy being merged into Hubtown Ltd, consolidating group structures. No immediate material impact on stock price is expected until the scheme receives final NCLT sanction.