Hubtown Limited — Board Meeting, 22-05-2025: Outcome of Board Meeting

Hubtown Limited reported a strong turnaround with consolidated net profit jumping to Rs. 45.91 Cr from a loss last year, on revenue of Rs. 526.35 Cr. A one-time gain of Rs. 42.19 Cr from financial liabilities extinguishment boosted numbers. Interest expense of Rs. 73.81 Cr on inter-corporate deposits is under negotiation, causing recognition delays. The board appointed Pipara & Co. LLP as internal auditors and Shekhar Joshi & Co. as cost auditors, and re-appointed Independent Director Kartik Ruparel for five years. Capital raising is ongoing with 62.5 lakh shares allotted to promoters at Rs. 220/share.