The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Rushank V Shah & PACs
HUBTOWN · price
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Rushank V. Shah, part of the promoter group of Hubtown Ltd, acquired 21,31,936 equity shares (1.50% of voting capital) through conversion of warrants on December 1, 2025. His individual holding rose from 2.58% (36,17,614 shares) to 4.05% (57,49,550 shares). Along with Persons Acting in Concert (PACs) like Hemant M. Shah, Vyomesh M. Shah and related HUFs/entities, the total promoter group holding increased from 34.04% to 35.02% of the company's voting capital. The total equity share capital of Hubtown rose from 13,99,68,721 to 14,21,00,657 shares following the warrant conversion. The acquisition was made at face value (Rs. 10 per share) since it is warrant conversion, not a market purchase.
The promoter group's increased stake to 35.02% signals continued insider confidence in the company, though it remains well below the 50% mark. For shareholders, this means promoter control is strengthening slightly, and the warrant conversion increased the total share count, which can mildly dilute non-promoter shareholders' percentage ownership.