Meeting Details

  • Date: Friday, September 18, 2026
  • Time: 11:00 A.M. (IST)
  • Mode: Video Conferencing (VC)/Other Audio Visual Means (OAVM)
  • Deemed Venue: Registered office at Hubtown Seasons, CTS No 469-A, Opp. Jain Temple, R. K. Chemburkar Marg, Chembur (East), Mumbai, Maharashtra - 400071

Proposed Resolutions and Implications

Ordinary Business:

1. Adoption of Financial Statements: To consider and adopt the audited financial statements (including consolidated financial statements) for FY2025-26 and reports of Board of Directors and Auditors.

2. Director Reappointment: To appoint Mr. Vyomesh M. Shah (DIN: 00009596) who retires by rotation and is eligible for re-appointment. He currently holds 51,81,349 equity shares and draws remuneration of ₹1,38,00,000 per annum.

Special Business:

3. FCCB Issuance: To approve issuance of Foreign Currency Convertible Bonds up to US$150 million through one or more tranches. The funds will be used for:

  • Expansion and operational requirements of real estate activities
  • Repayment/pre-payment of borrowings
  • Funding inorganic growth through acquisitions
  • General corporate purposes

The resolution grants broad powers to the Board to determine terms, conditions, and timing of issuance.

4. Cost Auditor Remuneration: To ratify remuneration of M/s. Shekhar Joshi & Co., Cost Accountants at ₹1,50,000 plus applicable taxes and out-of-pocket expenses for FY2026-27.

5. Material Related Party Transactions: To approve material RPTs between the Company and its related parties as detailed in Tables A1-A16, with aggregate value limits including:

  • Rare Townships Private Limited: ₹1000 crores
  • Joynest Premises Private Limited: ₹450 crores
  • Twenty Five Estates Development Limited: ₹400 crores
  • 25 Chalets Private Limited: ₹400 crores
  • Twenty Five Estates Realty Private Limited: ₹200 crores
  • Citywood Builders Private Limited: ₹100 crores
  • Vishal Techno Commerce Limited: ₹100 crores
  • Other subsidiaries with lower limits

6. Subsidiary RPT Approval: To approve material related party transactions where subsidiaries are parties but the Company is not, as required under SEBI Listing Regulations, with the same value limits as in Item 5.

Voting Process and Methods

  • Remote e-voting period: September 14, 2026 (9:00 a.m.) to September 17, 2026 (5:00 p.m.)
  • Cut-off date: September 11, 2026
  • Service provider: MUFG Intime India Private Limited
  • Scrutinizer: Mr. Mihen Halani, Proprietor of M/s. Mihen Halani & Associates, Practicing Company Secretaries
  • VC platform: InstaMeet (https://instameet.in.mpms.mufg.com)
  • Participation limit: 1,000 members on first-come-first-served basis, with priority for large shareholders (2%+ holding), promoters, and institutional investors

Compliance and Regulatory References

  • Conducted in compliance with MCA Circular dated September 22, 2025 and SEBI Circulars
  • Meeting convened under Section 108 of Companies Act, 2013 and Regulation 44 of SEBI LODR
  • Documents available for inspection at registered office and electronically
  • Proxy facility not available for VC/OAVM meeting

Additional Information

  • The notice and annual report are available on company website www.hubtown.co.in
  • Results will be declared within 2 working days of the meeting and posted on company website
  • Members must update email IDs and bank details for electronic communication and dividend payments
  • Physical share transfers not accepted since April 1, 2019 as per SEBI mandate