Hubtown Ltd

📅 Hubtown Ltd Announces Creditors' Meeting for Merger with Saicharan Consultancy

- Creditors' meeting scheduled for June 5, 2026, at 3:00 PM IST via video conferencing.

- Merger approved by the Board on February 14, 2025, and ordered by NCLT Mumbai Bench on April 9, 2026.

- Unsecured creditors as of September 30, 2025, can vote remotely from June 2 to June 4 or during the meeting.

- Rationale includes consolidating ownership in Rare Townships Private Limited (RTPL), improving operational efficiencies, and achieving economies of scale.

- Saicharan Consultancy holds a 21.17% stake in RTPL, while Hubtown holds 66.93%.

- Unsecured creditors for Saicharan valued at approximately INR 8480.13 lakhs as of September 30, 2025.

- Relevant documents, including the scheme and financial statements, available on Hubtown's website and through MUFG Intime India Private Limited.