Summary of the proceedings of the meeting of the Equity Shareholders of Hubtown Limited held on June 05…
As filed · Hubtown Limited has informed the Exchange regarding Summary of the proceedings of the meeting of the Equity Shareholders of Hubtown Limited held on June 05, 2026, convened pursuant to the directions o
What happened
FactHubtown Limited has informed the Exchange regarding Summary of the proceedings of the meeting of the Equity Shareholders of Hubtown Limited held on June 05, 2026, convened pursuant to the directions of the Hon ble National Company Law Tribunal, Mumbai Bench ( NCLT ) in connection with the proposed Scheme of Arrangement in the nature of merger / amalgamation of Saicharan Consultancy Private Limited ( Transferor Company ) with Hubtown Limited ( Transferee Company or Company )…
Why it matters
CapitSignal interpretationOnce an insolvency process is admitted, control of the company passes from the board to a resolution professional and equity ranks last in any recovery.
What management said before
Prior statements by this company that CapitSignal has recorded changing.
Guidance
WithdrawnWe have given a guidance of around 6,000 crores of pre-sales and 3,000 crores of collection.
We expect INR3,000 crores in collections for this current year.
Change
FactImplication
CapitSignal interpretationGuidance
DelayedWe expect a fair amount of collections coming in through the better part of the year.
We expect a fair amount of collections coming in Q2, Q3, and Q4.
Change
FactImplication
CapitSignal interpretationGuidance
DelayedWe expect a fair amount of collections coming in Q2, Q3, and Q4.
We expect INR3,000 crores in collections for this current year.
Change
FactImplication
CapitSignal interpretationWatch next
Fact- Admission or rejection of the application by the tribunal
- Appointment of a resolution professional
- Claims admitted against the company
- The projects which we have already in hand, which I have already told the amount of million square feet, more (management committed by FY27)
- We have given a guidance of around 6,000 crores of pre-sales and 3,000 crores of collection. (management committed by FY27)
Evidence
- Hubtown Limited has informed the Exchange regarding Summary of the proceedings of the meeting of the Equity Shareholders of Hubtown Limited held on June 05, 2026, convened pursuant to the directions of the Hon ble National Company Law Tribunal, Mumbai Bench ( NCLT ) in connection with the proposed Scheme of Arrangement in the nature of merger / amalgamation of Saicharan Consultancy Private Limited ( Transferor Company ) with Hubtown Limited ( Transferee Company or Company ) and their respective shareholders and creditors under Sections 230 to 232 of the Companies Act, 2013 read with applicable rules made thereunder.(opens the original filing in a new tab)
- Earlier statement · Q4 FY26
- Latest statement · Q1 FY27
- Earlier statement · Q1 FY27
- Latest statement · Q1 FY27
- Earlier statement · Q1 FY27
- Latest statement · Q1 FY27
How CapitSignal classified this
- Reasoning:
- INSOLVENCY base 93; +5 quantified amount; explicit insolvency/default evidence present; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%