Hubtown promoter group boosts stake through warrant conversion

Kunjal H. Shah and Falguni V. Shah, both members of Hubtown's promoter group, have announced the acquisition of shares through the conversion of warrants, effective September 19, 2025. Kunjal H. Shah acquired 954,570 shares, while Falguni V. Shah acquired 1,581,747 shares, both at a face value of INR 10 per share. These acquisitions resulted in a collective increase in their direct shareholding and a change in the overall diluted share capital of Hubtown.

Prior to these conversions, Kunjal H. Shah held 2.47% of the total share/voting capital, which increased to 3.12% post-acquisition. Falguni V. Shah’s stake similarly rose from 1.68% to 2.79%. Following these transactions, the total diluted share/voting capital of Hubtown stands at 142,100,657 shares, valued at INR 1,421,006,570.

These conversions are part of 12,500,000 warrants issued on a preferential basis to the promoter group, with 8,786,317 warrants already converted. An additional 3,713,683 warrants are pending conversion. The total promoter group holding, including shares and convertible securities, now represents 33.34% of the share capital.