Hubtown Limited — Important, 04-03-2025: Updates

Hubtown Limited reports significant progress on its Rising City project in Ghatkopar. The company has completed financial closure through investments from the SWAMIH Fund and Gopani Realty LLP. Following a successful rights issue, Hubtown's stake in subsidiary Rare Townships Private Limited (RTPL) has increased to 72.22%. The board has also approved the merger of Salcharan Consultancy, which holds a 20.95% stake in RTPL, potentially raising Hubtown’s ownership to over 93%. The project is on track with the expected delivery of Occupation Certificates for six buildings by FY26, and Hubtown has already sold more than 67% of the 6.5 lac square feet inventory in Phase I. This positive trend highlights strong demand and could enhance the company's financial outlook.