FilingReader Intelligence

Hubtown allots equity shares following warrant conversion

February 25, 2025 at 07:06 PM UTCBy FilingReader AI

Hubtown Limited (BSE: HUBTOWN) announced the allotment of 1,581,747 equity shares with a face value of Re. 10 each, following the conversion of warrants held by Falguni Vyomesh Shah. The decision was made via a circular resolution passed by the company's Board of Directors on February 25, 2025. This conversion was executed under the Securities and Exchange Board of India (ICDR) Regulations, 2018. Each warrant holder paid Rs. 165 per warrant at the time of conversion. Post allotment, the company's paid-up capital has increased from Rs. 1,30,30,52,280 to Rs. 1,31,88,69,750. The newly allotted shares will rank pari passu with the existing equity shares of the company.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

BSE:HUBTOWNBombay Stock Exchange

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