Hubtown Limited: Shareholders Approve Merger Scheme with 25 West Realty
Hubtown Limited shareholders approved the merger with 25 West Realty Private Limited during a meeting on June 19, 2026. The resolution received 100% approval from votes polled. The NCLT directed the meeting. The results exclude promoter votes as per SEBI guidelines.
A merger is a significant corporate event that can substantially alter the company's structure, operations, and financial standing.
The merger scheme was overwhelmingly approved by shareholders, indicating positive progress on a significant corporate action.
Hubtown Limited held an Equity Shareholders Meeting on Friday, June 19, 2026, via video conferencing, to approve a Scheme of Arrangement for the merger of 25 West Realty Private Limited with Hubtown Limited. The meeting was convened as per the directions of the Hon'ble National Company Law Tribunal (NCLT), Mumbai Bench, under Sections 230 to 232 of the Companies Act, 2013.
The voting results, scrutinized by Mr. Chintan Goswami, Partner of KJB & Co. LLP, show overwhelming support for the merger. For Resolution 1, concerning the approval of the Scheme of Arrangement, the total votes polled were 7,00,38,436 shares, representing 49.29% of the outstanding shares. Of these, 7,00,36,574 votes were cast in favour, constituting 100.00% of the votes polled, with only 1,862 votes against.
Notably, the voting results exclude the votes cast by the Promoter and Promoter Group, as per SEBI Master Circular requirements. The public shareholders' votes were considered separately. Institutional investors unanimously voted in favour (100%), while public non-institutional shareholders also showed strong support, with 99.99% in favour. The company's website, www.hubtown.co.in, also hosts these voting results and the Scrutinizer's Consolidated Report.
What to do with a filing like this
Hubtown Limited filed this with the NSE as a statutory disclosure, categorised under merger. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Hubtown Limited. Read the original for the full detail.