The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Kushal Shah & Vyomesh Shah HUF
HUBTOWN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Two promoter group members filed SAST disclosures for Hubtown Ltd. Kushal H. Shah had 1,400,000 pledged shares (0.99%) invoked on March 27, 2026, reducing his encumbered holding from 2.8 million shares (1.97%) to 1.4 million shares (0.99%). Separately, Vyomesh M. Shah HUF had all 1,711,170 pledged shares (1.20%) fully invoked, bringing his encumbered holding to zero. Both filings cite 'Invocation of Shares' as the mode, indicating lenders seized pledged shares, likely due to a margin call or loan default. The combined promoter group's total holding dropped from approximately 34% to 32.84% of the company's total share capital of 142.1 million shares.
Pledge invocation by promoters signals potential financial stress for the Shah family. While total promoter holding remains above 32%, the seizure of pledged shares reduces promoter collateral and may indicate liquidity issues. Investors should monitor for any further pledge-related disclosures.