Hubtown Limited
Incorporated in 1985, Hubtown Ltd is in the business of real estate development
What Hubtown files
- Others65
- Updates30
- Important26
- Board Meeting24
- Investor Meet11
- QIP/Rights/Pref.10
Hubtown shareholders approved mergers of SCPL and 25 West Realty. This consolidates ownership in key projects like "Rising City," increasing revenue share by 21.17%, and adds the "25 West" project, expected to generate ₹6,000 Cr revenue, strengthening overall growth.
Hubtown reported strong FY26 results: proforma pre-sales Rs. 4,382 Cr, collections Rs. 1,910 Cr. PBT surged 95%, PAT 205%. Strategic mergers are consolidating assets for efficiency. FY27 targets Rs. 6,000 Cr pre-sales, Rs. 3,000 Cr collections.
NCLT approved Hubtown's merger scheme with 25 West Realty. This integrates the '25 West' luxury project, aiming to boost Hubtown's market standing and operational efficiency. Hubtown shareholders will soon vote on the 42:1 share swap.
Hubtown will hold a meeting of its unsecured creditors for the merger with Saicharan Consultancy. This strategic move aims to consolidate Hubtown's stake in the "Rising City" project, potentially boosting financial growth and operational efficiency. Creditors: Saicharan ₹84.80 Cr (unsecured); Hubtown ₹421.46 Cr (secured), ₹346.19 Cr (unsecured).
NCLT has directed Hubtown to convene meetings for its equity shareholders and unsecured creditors (₹84.80 Cr for Saicharan, ₹346.19 Cr for Hubtown) to approve the merger of Saicharan Consultancy into Hubtown. This move aims to consolidate Hubtown's stake in subsidiary RTPL, bolstering financial growth.