HUBTOWNNSEHubtown Limited· ConstructionHighNeutral
Announced Fri, 5 Jun · 19:14 IST

Summary of the proceedings of the meeting of the Unsecured Creditors of Hubtown Limited held on June 05, 2026, convened pursuant to the directions of the Hon ble National Company Law Tribunal, Mumbai Bench ( NCLT ) in connection with the proposed Scheme of Arrangement in the nature of merger / amalgamation of Saicharan Consultancy Private Limited ( Transferor Company ) with Hubtown Limited ( Transferee Company or Company ) and their respective shareholders and creditors under Sections 230 to 232 of the Companies Act, 2013 read with applicable rules made thereunder.

Nclt Scheme FiledStrategic Transactions View source PDF

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

Price reaction · full curve 14 horizons · vs prior close
-3.5%1-day move
₹204.20
prior close
₹203.88
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AI summary

Hubtown Limited held a meeting of its unsecured creditors on June 05, 2026, as directed by the NCLT Mumbai Bench, in connection with a proposed Scheme of Arrangement. The scheme seeks to merge Saicharan Consultancy Private Limited (Transferor Company) into Hubtown Limited (Transferee Company), along with their respective shareholders and creditors. The merger is being pursued under Sections 230 to 232 of the Companies Act, 2013. The filing summarises the proceedings of this creditor meeting, which is a mandatory procedural step in the NCLT-driven scheme approval process. The outcome of the creditors' vote is a key milestone before the scheme can move to the next stage of NCLT approval.

Likely market impact

Shareholders should note this is a procedural step toward a potential merger; if approved, Saicharan Consultancy will be absorbed into Hubtown, but the final scheme still requires NCLT sanction. No immediate material change to business or share price is expected from this filing alone.