Receipt of NCLT Order in relation to the Proposed Scheme of Arrangement between the 25 West Realty Private Limited ("Transferee Company") and Hubtown Limited ("Transferor Company")
HUBTOWN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The National Company Law Tribunal (NCLT), Mumbai Bench, has passed an order dated May 4, 2026, approving the proposed merger/amalgamation of 25 West Realty Private Limited (Transferor Company) into Hubtown Limited (Transferee Company). The transferor is an entity jointly controlled by the promoter group of Hubtown, making this an intra-group reorganization. The transferor owns the premium residential project '25 West' in Bandra, Mumbai. Under the scheme, Hubtown will issue 42 equity shares for every 1 share of 25 West Realty, based on a registered valuer's report. The appointed date is April 1, 2025. NCLT has directed Hubtown to convene an equity shareholders' meeting within 60 days via video conferencing to approve the scheme. Meetings of secured creditors (dispensed as 93.29% consented) and unsecured creditors (no compromise proposed) have been addressed. The certified copy of the order is awaited.
Positive for Hubtown shareholders as the merger is proceeding as planned, bringing the high-value '25 West' luxury project into Hubtown and consolidating group assets. The court-approved order is a standard step in the merger process, subject to shareholder and further regulatory approvals.