Mumbai, February 14, 2026 – Hubtown Limited (BSE: 532799 | NSE: HUBTOWN) on Saturday informed the exchanges that a search and seizure/inspection operation conducted by the Goods and Services Tax Department at its registered office and at its subsidiary has concluded, with the company stating that there is no material impact on its financials or operations.
The action covered Hubtown Limited and its subsidiary, Joynest Premises Private Limited. The search commenced on February 9, 2026 and concluded on February 13, 2026.
Details of the Inspection
As outlined in the company’s communication dated February 14, 2026 , the inspection was conducted by the Assistant Commissioner of State Tax, Investigation-C, Mazgaon, Mumbai.The scope of the search included, among other areas:
- Payment of tax
- Claim of input tax credit
- Tax on supply of corporate guarantee service
- Reversal of input tax credit
- Payment of deemed tax under real estate activities
No Material Impact on Financials
Hubtown clarified that there is no material impact on the financials, operations, or other activities of either Hubtown Limited or Joynest Premises Private Limited as a result of the inspection .Importantly, the company noted that business operations at both entities continued as usual during the course of the search proceedings .
The company added that it will continue to extend full cooperation and furnish any further information as may be required by the authorities.
About Hubtown Limited
Hubtown Limited is a listed real estate development company engaged in residential, commercial, and mixed-use real estate projects across key urban markets in India. The company is listed on both the BSE and the National Stock Exchange under the scrip code 532799 and symbol HUBTOWN, respectively.Source:
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