Merger30 Apr 2026, 11:01 pm
Hubtown to hold shareholder meeting for Saicharan merger on June 5, 2026
AI Summary
Hubtown Ltd will convene a meeting of its Equity Shareholders on Friday, June 05, 2026, at 11:00 A.M. (IST) via video conferencing. The purpose of the meeting is to consider and approve the proposed Scheme of Arrangement for the merger/amalgamation of Saicharan Consultancy Private Limited (Transferor Company) with Hubtown Limited (Transferee Company). This follows the Board's approval on February 14, 2025, and the National Company Law Tribunal's (NCLT) order dated April 09, 2026, directing the meeting. Shareholders will vote on the scheme, with May 29, 2026, as the cut-off date for voting eligibility.
Key Highlights
- Hubtown to hold equity shareholder meeting on June 5, 2026.
- Meeting to approve merger of Saicharan Consultancy with Hubtown.
- NCLT ordered the meeting for the proposed scheme of arrangement.
- Meeting will be conducted via video conferencing/OAVM.
- Cut-off date for determining voting eligibility is May 29, 2026.