Hubtown Limited — Others, 15-05-2025: Statement of deviation(s) or variation(s) under Reg. 32

Hubtown Limited has announced a monitoring report confirming no deviation in the use of ₹1,212 Cr raised through preferential equity shares, CCDs, and warrants. As of quarter-end, ₹1,106 Cr remained unutilized. Funds were mainly directed towards loan repayment and working capital, with shareholders approving authorized reallocation. Working capital usage exceeded the initial allocation by 21.6%, consistent with prior approvals. Operations and project timelines remain unaffected, underscoring disciplined fund management and continued financial stability.