Pursuant to Regulation 32(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Regulation 162A of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, please find attached the Monitoring Agency Report for the quarter ended June 30, 2025 issued by Brickwork Ratings India Private Limited, the Monitoring Agency appointed by the Company for Monitoring utilization of proceeds raised through Preferential Issue of Equity Shares, Compulsorily and Mandatorily Convertible Debentures (CCDs) and Warrants convertible into Equity Shares.
HUBTOWN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Hubtown Limited submitted its Fourth Monitoring Agency Report for the quarter ended June 30, 2025, prepared by Brickwork Ratings India Private Limited. The report tracks utilization of Rs 1,212 crore raised through a preferential issue in September 2024, comprising equity shares, compulsorily convertible debentures (CCDs), and warrants. As of June 30, 2025, the company has received Rs 1,105.86 crore in total proceeds. There is a minor shortfall in equity share proceeds (Rs 929 crore received vs Rs 932 crore expected) due to non-receipt of subscription from one investor. The monitoring agency reported no deviation from the stated objects of the issue. Brickwork confirmed no conflict of interest in its role.
This is a routine regulatory filing that shows transparency in how the company is using the large Rs 1,212 crore preferential issue proceeds. No deviation from stated objects is a positive sign for shareholders. The small Rs 3 crore shortfall from one defaulting investor is immaterial relative to the overall issue size and unlikely to affect the stock price.