Hubtown secures in-principle approval for preferential equity share issuance

Hubtown Limited announced on December 5, 2025, that it has received in-principle approval from both BSE Limited and the National Stock Exchange of India Limited for the issuance of 14,680,249 equity shares. Each share, with a face value of INR 10, will be issued at a price of not less than INR 341 to non-promoters on a preferential basis.

The approvals were granted under Regulation 28(1) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company is required to ensure strict compliance with relevant regulations, including the Companies Act, 2013, SEBI ICDR Regulations, and LODR Regulations, as well as obtain all necessary statutory and other approvals.

The stock exchanges advised Hubtown to strengthen internal controls, particularly in monitoring trades executed by proposed allottees, and to obtain undertakings from allottees confirming no intra-day trading or sale until the allotment date. The company must also submit a listing application within twenty days from the allotment date.