The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Kunjal H Shah & Others
HUBTOWN · price
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Kunjal H. Shah and 14 other persons acting in concert (all members of the promoter group of Hubtown Ltd) have reported an acquisition of 9,54,570 equity shares, representing 0.69% of the company's share capital. The shares were allotted on September 19, 2025 through conversion of warrants that had been issued on a preferential basis to promoter group members. With this conversion, the promoter group's total holding in Hubtown has risen from 32.09% to 33.34% on a fully diluted basis. Of the original 1.25 crore warrants issued to promoters, 87.86 lakh have now been converted and 37.14 lakh remain pending conversion. No encumbrance changes were reported.
The promoter group's stake has marginally increased via warrant conversion rather than open-market purchase, which is a neutral-to-slightly-positive signal showing promoter commitment to the company. There is no change in the overall control structure, and the promoter group remains well below the 50% takeover threshold.