Hubtown Limited — Others, 27-06-2025: Shareholders meeting

Hubtown Limited has announced a board meeting on financial results for the quarter and half-year. The company held an Extra-Ordinary General Meeting through video conferencing to approve increasing borrowing limits, creating charges on assets for borrowings, advancing loans or guarantees, and approving sale or lease of assets exceeding 20% of material subsidiaries’ assets. The EGM also approved pledge of shares in material subsidiaries, re-appointment of an independent director, and several related party transactions. Additionally, cancellation of 1,59,574 unsubscribed equity shares was approved. These steps aim to enhance financial flexibility and streamline share capital.