Hubtown News

In continuation to our earlier intimation dated 01.08.2024 informing about Notice of EGM dated 24.08.2024 ("Notice") read in conjunction with our intimation on Corrigendum to the Notice dated 16.08.2024 seeking approval of members of the Company in respect of the items set out in the Notice through remote e-voting system. We wish to inform that; based on the scrutinizer report dated 24.08.2024, the Members of the Company have duly passed the resolutions as set out in the Notice approving the following:Increase in the authorised equity share capital and alteration of the capital clause of the MOA of the Company; Alteration of the capital clause of the AOA of the Company pursuant to increase in the authorised equity share capital; Issuance of equity shares and compulsorily and mandatorily convertible debentures to private investors by way of preferential issue; Issuance of Warrants to persons forming part of the promoter and promoter group of the Company by way of preferential issue.

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the Extra-Ordinary General Meeting (EGM) of the Members of the Company was held on Saturday, August 24, 2024 at 11.30 a.m. through Video Conferencing (VC) / Other Audio Visual Means (OAVM). In this connection, we enclose the summary of the proceedings of the EGM as required under Regulation 30 read with Para (A) (13) of Part 'A' of Schedule III to the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Refer Annexure - I.

The Exchange has received revised Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on August 21, 2024 for Rushank V Shah

The Exchange has received revised Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on August 21, 2024 for Khilen V Shah

The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on August 21, 2024 for Khilen V Shah

The Exchange has received revised Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on August 21, 2024 for Kunjal H Shah

The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on August 21, 2024 for Kunjal H Shah

The Exchange has received revised Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on August 21, 2024 for Rushank V Shah

The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on August 21, 2024 for Rushank V Shah

The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on August 21, 2024 for Khilen V Shah

The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on August 21, 2024 for Kunjal H Shah

The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on August 21, 2024 for Rushank V Shah

Hubtown Limited has informed the exchange regarding Intimation pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015

As stated in our previous intimation dated August 01, 2024, Hubtown Limited ('Company') has dispatched a notice of EGM dated July 30, 2024 ('EGM Notice') vide email dated August 01, 2024, to its members in relation to conducting of Extra-Ordinary General Meeting of its members on Saturday, August 24, 2024.In this connection, the Company has issued the Corrigendum to EGM Notice ('Corrigendum') to the members of the Company to clarify and inform about (i) the applicability provisions of Regulation 166A of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended, to the proposed preferential issue and availability the valuation report issued by the registered valuer on the website of the Company and (ii) few other minor modifications / updates in the EGM Notice. Accordingly, the Company has issued the Corrigendum dated August 16, 2024 to EGM Notice and EGM Notice is updated in order to update the above-stated disclosures in the EGM Notice ('Updated EGM Notice').

At the meeting of the Board of Directors of the Company held today i.e. August 13, 2024, the Board has inter-alia approved and taken on record the Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2024, which have been subjected to limited review by the Statutory Auditors of the Company, in terms of Regulation 33 of the SEBI (LODR) Regulations, 2015 (SEBI Listing Regulations).Copies of the said results along with the Limited Review Reports issued by the Statutory Auditors of the Company are annexed hereto and the same are being uploaded on the website of the Company i.e. www.hubtown.co.in. The Unaudited Financial Results are also being published in the newspapers, in the format prescribed under Regulation 47(1) (b) of the SEBI Listing Regulations.Please note that in terms of Hubtown Code of Conduct for Prohibition of Insider Trading, the window for trading in shares of the Company by its employees and Directors will open on August 16, 2024.

We write to inform you that at the meeting of the Board of Directors of the Company held today i.e. August 13, 2024, the Board has inter-alia approved and taken on record the Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2024, which have been subjected to limited review by the Statutory Auditors of the Company, in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015(SEBI Listing Regulations).Copies of the said results along with the Limited Review Reports issued by the Statutory Auditors of the Company are annexed hereto and the same are being uploaded on the website of the Company i.e. www.hubtown.co.in. The Unaudited Financial Results are also being published in the newspapers, in the format prescribed under Regulation 47(1) (b) of the SEBI Listing Regulations.

HUBTOWN LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 13/08/2024 ,inter alia, to consider and approve the Un-audited Standalone and Consolidated Financial Results of the Company for the quarter ended June 30, 2024 pursuant to the Provisions of Regulation 29(1) (a) of the SEBI (LODR) Regulations, 2015.

Pursuant to Regulation 30 read with Para A, Part A of Schedule III of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('LODR') attached herewith is the Notice of the Extra-Ordinary General Meeting (''EGM'') of the Company scheduled to be held on Saturday, August 24, 2024 at 11:30 a.m. (IST) through Video Conference (VC) / Other Audio Visual Means (OAVM).

Hubtown Limited ('Company') in their board meeting held today viz. Tuesday, July 30, 2024, has, inter alia, considered and approved matters listed below:Increase in the authorised equity share capital and alteration of the capital clause of the memorandum of association and Articles of Association of the Company.

With reference to the captioned subject, this disclosure is given pursuant to Regulation 30 of the SEBI LODR Regulations to inform that the board of directors of Hubtown Limited ('Company') in their board meeting held today viz. Tuesday, July 30, 2024, has, inter alia, considered and approved matters listed below:1. Increase in the authorised equity share capital and alteration of the capital clause of the memorandum of association of the Company2. Issuance of equity shares to private investors by way of preferential issue AND ISSUANCE OF CCDs by way of Preferential issue;3. Issuance of warrants to persons forming part of the promoter and promoter group of the Company by way of preferential issue;4. To convene an Extra Ordinary General Meeting of the members of the Company on Saturday, August 24, 2024 for seeking the members approval in relation to the aforesaid matters, as applicable.

With reference to the captioned subject, this disclosure is given pursuant to Regulation 30 of the SEBI LODR Regulations to inform that the board of directors of Hubtown Limited ('Company') in their board meeting held today viz. Tuesday, July 30, 2024, has, inter alia, considered and approved matters listed below:1. Increase in the authorised equity share capital and alteration of the capital clause of the memorandum of association of the Company2. Issuance of equity shares to private investors by way of preferential issue AND ISSUANCE OF CCDs by way of Preferential issue;3. Issuance of warrants to persons forming part of the promoter and promoter group of the Company by way of preferential issue;4. To convene an Extra Ordinary General Meeting of the members of the Company on Saturday, August 24, 2024 for seeking the members approval in relation to the aforesaid matters, as applicable.

HUBTOWN LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 30/07/2024 ,inter alia, to consider and approve the issue of equity shares and/or issuance of other securities / warrants convertible into equity shares of the Company to (i) certain members of the Promoter and Promoter Group of the Company; and/ or (ii) other investors being non-Promoters of the Company, through permissible modes including as preferential allotment, in accordance with the provisions of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 and the Companies Act, 2013, as amended, subject to receipt of requisite consent/approvals, as applicable.

The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Catalyst Trusteeship Ltd

The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on July 12, 2024 for Rushank V Shah

The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on July 12, 2024 for Kunjal H Shah

The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on July 12, 2024 for Khilen V Shah

In continuation to our earlier intimation dated May 30, 2024 informing about notice of Postal Ballot dated May 24, 2024 ("Notice") seeking approval of Members of the Company in respect of the items set out in the Notice through remote e-voting system. We wish to inform that based on the scrutinizer report dated July 01, 2024 on the Postal Ballot, the Members of the Company have passed the proposed resolution as set out in the Notice with requisite majority.

In continuation to our earlier intimation dated May 30, 2024 informing about notice of Postal Ballot dated May 24, 2024 ("Notice") seeking approval of Members of the Company in respect of the items set out in the Notice through remote e-voting system. Please find the scrutinizer report dated July 01, 2024 on the Postal Ballot of the Company.

Pursuant to SEBI (PIT) Regulations, 2015, read with Company''s Insider Trading Regulation Code, the Trading Window for dealing in securities of the Company will remain closed from Monday, July 01, 2024 till 48 hours after the declaration of Unaudited Financial Results of the Company for the quarter ending on June 30, 2024. Accordingly, all Connected Persons / Designated Persons are advised not to trade in securities of the Company during the aforesaid period of closure of Trading Window.

Hubtown Limited has informed the exchange that pursuant to Regulation 30 of the SEBI LODR 2015, the Board of Directors has approved the allotment of 200 Non-Convertible Debentures vide resolution passed by circulation on May 31, 2024.

Pursuant to Regulation 30 of the SEBI Listing Regulations, please find enclosed herewith Postal Ballot Notice dated May 24, 2024 together with the Explanatory Statement thereto, seeking consent of the Members of Hubtown Limited (''Company''), on the items of special business provided in the Postal Ballot Notice.

Pursuant to Regulation 24A of the SEBI (Listing Obligations and Disclosure Requirements),Regulations, 2015, please find enclosed the Annual Secretarial Compliance Report dated May 24, 2024, issued by M/s Mihen Halani & Associates, Practicing Company Secretaries, for the Financial year ended March 31, 2024.

The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Catalyst Trusteeship Ltd

In continuation to our earlier intimation dated April 23, 2024 informing about notice of Postal Ballot dated April 22, 2024 ("Notice") seeking approval of Members of the Company in respect of the items set out in the Notice through remote e-voting system. Please find the scrutinizer report dated May 24, 2024 on the Postal Ballot of the Company.

Pursuant to Regulation 33 of the Listing Regulations, the Board has considered and approved the Audited Standalone and Consolidated Financial Results and Statements for quarter and year ended March 31, 2024 respectively.Copies of the said financial results along with statement of assets and liabilities, cash flow statement and the Reports issued by the Statutory Auditors together with statements showing impact of audit qualifications for the Standalone and Consolidated Financial Results and Statements are annexed hereto and the same are being uploaded on the website of the Company i.e. www.hubtown.co.in.

Approval of Financials Results and Statements for the quarter and year ended March 31, 2024 Re-appointment of Mr. Hemant M. Shah as Whole-Time Director designated as Executive Chairman of the Company for a period of three years with effect from January 01, 2025 to December 31, 2027, and re-appointment of Mr. Vyomesh M. Shah as Managing Director of the Company for a period of three years with effect from January 01, 2025 to December 31, 2027, subject to the approval of the shareholders in the ensuing Annual General Meeting of the Company. Appointment of Secretarial Auditor for the F.Y. 2024-25 Appointment of Internal Auditor for the F.Y. 2024-25 Appointment of Cost Auditor for the F.Y. 2024-25Further, on account of site maintenance activity of BSE, the intimation of outcome of the Board Meeting was submitted on May 25, 2024 through e-mail within the prescribed time limit. Please take the same on record.

In reference to our letter dated May 20, 2024 regarding intimation of Board Meeting which is scheduled to be held on Friday, May 24, 2024, inter-alia, to consider and approve the issue of Securities (convertible warrants) on preferential allotment basis, we wish to inform you that the aforesaid proposal stands withdrawn. Further, as intimated earlier in our letter dated May 13, 2024 the Board Meeting scheduled to be held on Friday, May 24, 2024 shall inter-alia, take up the agenda for consideration and approval of the Audited Standalone and Consolidated Financial Results of the Company for the quarter and year ended March 31, 2024.You are requested to take the above information on record.

HUBTOWN LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 24/05/2024 ,inter alia, to consider and approve In continuation to our letter dated May 13, 2024 regarding intimation of Board Meeting which is scheduled to be held on Friday, May 24, 2024, inter-alia, to consider and approve the Audited Standalone and Consolidated Financial Results of the Company for the quarter and year ended March 31, 2024, we hereby further inform you that the Board will also consider and approve the issue of Securities (convertible warrants) on preferential allotment basis to persons forming part of Promoter Group of the Company in terms of SEBI (ICDR) Regulations, 2015 in the aforesaid scheduled Board Meeting.

The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Catalyst Trusteeship Ltd acting as debenture trustee on behalf of debenture holders of Citywood Builders Pvt Ltd & Giraffe Developers Pvt Ltd

The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on May 17, 2024 for Khilen V Shah