Hubtown Limited — Others, 15-05-2025: Monitoring Agency Report

Hubtown Limited has announced a board meeting to discuss the monitoring report by Brickwork Ratings on funds raised via its preferential issue of equity shares, compulsorily convertible debentures, and warrants totaling ₹1,212 Cr, with proceeds of ₹1,105.86 Cr. Fund utilization broadly matches the revised Board-approved objectives—working capital, loan repayments, and corporate purposes. A 21.6% over-utilization in working capital for equity shares, mainly to fund subsidiaries and associates, was authorized by shareholders. No delays or adverse impacts on fund usage have been noted.