Meeting Details

  • Date: Friday, June 05, 2026
  • Time: 11:00 A.M. (IST)
  • Location: Conducted through Video Conferencing (VC) / Other Audio-Visual Means (OAVM)
  • Type: Court Convened Meeting of Equity Shareholders
  • Convening Authority: National Company Law Tribunal, Mumbai Bench (NCLT)
  • NCLT Order Date: April 09, 2026
  • Company Scheme Application No.: CAA/25(MB)/2026

Proposed Resolution and Implications

The single resolution put to vote was the approval of the Scheme of Arrangement for the merger/amalgamation of Saicharan Consultancy Private Limited (Transferor Company) with Hubtown Limited (Transferee Company) under Sections 230 to 232 of the Companies Act, 2013. The scheme involves the respective shareholders and creditors of both companies. The rationale and objectives of the scheme were briefed by Mr. Vyomesh Shah, Managing Director of the Company.

Voting Process and Methods

  • Remote E-Voting Period: Tuesday, June 02, 2026 (9:00 A.M.) to Thursday, June 04, 2026 (5:00 P.M.)
  • Cut-off Date for Shareholder Eligibility: Friday, May 29, 2026
  • E-Voting During Meeting: Facility was made available for members who had not voted via remote e-voting
  • Scrutinizer Appointment: Mr. Ketan Dand (Practicing Company Secretary, Membership No. F5288) was appointed by NCLT to scrutinize votes
  • Voting System: Electronic voting facility provided as per Section 108 of Companies Act, 2013 and Regulation 44 of SEBI LODR Regulations

Key Voting Outcomes

The document states that "The Scheme has been approved by the Equity Shareholders of the Company with requisite majority." However, specific voting results, total votes cast, percentage in favor/against, and participation breakdown by shareholder category are not provided in this summary. The complete voting results and Scrutinizer's Consolidated Report were to be announced separately within two working days and submitted to BSE and NSE.

Scrutinizer's Role

Mr. Ketan Dand was appointed to scrutinize votes cast by remote e-voting prior to the meeting as well as e-voting during the meeting in a fair and transparent manner. His findings and conclusions are not included in this summary but were to be provided separately.

Compliance with Laws and Regulations

The meeting was conducted in compliance with:

  • Companies Act, 2013 and rules framed thereunder
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Ministry of Corporate Affairs general circulars for holding meetings through VC/OAVM
  • Secretarial Standard on General Meetings (SS-2) issued by ICSI
  • NCLT Order dated April 09, 2026

Attendees and Conduct of Meeting

  • Chairperson: Mr. Sushil Kumar Agarwal, IRS (Retd.), appointed by NCLT
  • Company Representatives: All Board of Directors, Chief Financial Officer, and Company Secretary were present
  • Meeting Conduct: Mr. Shivil Kapoor, Company Secretary and Compliance Officer, assisted the Chairperson
  • Quorum: Requisite quorum was present at the scheduled commencement time (11:00 A.M.)

Document Distribution

Notice of the Meeting along with relevant documents was dispatched to Equity Shareholders through electronic means via email to those whose email addresses were registered with the Registrar & Transfer Agent/Depository Participant(s)/Depositories.