Mergers and Voting Process

<h1>Hubtown Ltd Holds Shareholder Meeting to Approve Merger with Saicharan Consultancy</h1>

Hubtown Ltd convened a meeting of its Equity Shareholders on Friday, June 05, 2026, to discuss and potentially approve a Scheme of Arrangement involving the merger or amalgamation of Saicharan Consultancy Private Limited with Hubtown Limited. The meeting was conducted remotely via video conferencing (VC) or other audiovisual means (OAVM), as directed by the National Company Law Tribunal (NCLT).

The meeting included all members of the Board of Directors, the Chief Financial Officer, and the Company Secretary. Mr. Sushil Kumar Agarwal, IRS (Retd.), appointed by the NCLT, presided over the proceedings.

A key agenda item at the meeting was seeking approval for the Scheme of Arrangement, which pertains to the merger of Saicharan Consultancy Private Limited (the Transferor Company) with Hubtown Limited (the Transferee Company), along with their respective shareholders and creditors under Sections 230 to 232 of the Companies Act, 2013.

Mergers and Voting Process​

Management provided the Equity Shareholders with insights into the rationale and intended objectives of the proposed scheme. Mr. Shivil Kapoor, Company Secretary and Compliance Officer, introduced procedural elements of the meeting.

The company utilized a multi-stage voting process to ensure transparency regarding the merger proposal. Remote e-voting commenced on Tuesday, June 02, 2026, and concluded on Thursday, June 04, 2026. The facility for electronic voting was also made available during the shareholder meeting for members who had not voted remotely.

The notice of the meeting, along with relevant documents concerning the Scheme of Arrangement, was dispatched to Equity Shareholders via email.

Next Steps and Outcomes​

During the meeting, the Board of Directors' details were introduced, and Mr. Vyomesh Shah, Managing Director of Hubtown Ltd, briefed shareholders on the merger’s objectives. The resolution for approval of the Scheme of Arrangement was presented to the shareholders for voting.

Mr. Shivil Kapoor advised attendees that the results of the voting, along with the Scrutinizer's Consolidated Report, would be announced within two working days following the conclusion of the meeting. Shareholders were also informed that an additional 30 minutes would be available post-meeting for casting votes through the e-voting facility.

HUBTOWN Stock Price Movement​

Today, Hubtown Limited shares edged higher, closing at ₹203.30 after gaining 0.79% in a strong post-market performance. The equity saw significant trading volume, with 377,618 shares transacting during the session.