Khilen V. Shah boosts Hubtown stake via warrant conversion

Khilen V. Shah, a promoter of Hubtown Limited, has increased his shareholding in the company through the conversion of warrants, as disclosed on October 6, 2025. This transaction, dated October 3, 2025, involved the acquisition of 1,581,747 shares, representing a 1.13% stake in the total share capital. The mode of acquisition was stated as "Due to Conversion of Warrants."

Prior to this acquisition, Khilen V. Shah held 4,148,974 shares (3.00% of total share capital). Following the conversion, his stake rose to 5,730,721 shares, now constituting 4.10% of Hubtown’s total share capital. The overall total holding of Khilen V. Shah and Persons Acting in Concert (PAC) increased from 33.34% to 34.10% of the total voting capital.

The company's equity share capital before the acquisition stood at 138,136,974 shares, which has now increased to 139,718,721 shares after the acquisition. The total diluted share capital also saw an increase to 142,100,657 shares, reflecting the ongoing conversion of warrants.