Press Release related to the scheme of arrangement involving merger of Saicharan Consultancy Private limited and 25 West Realty Private Limited with Hubtown Limited.

Hubtown Ltd has announced that its equity shareholders and unsecured creditors have approved two schemes of arrangement for the merger of Saicharan Consultancy Private Limited (SCPL) and 25 West Realty Private Limited with Hubtown. The merger with SCPL will consolidate Hubtown's ownership in Rare Townships Private Limited, increasing its revenue share in the 'Rising City' project by 21.17%. The integration of 25 West Realty will bring in a super-luxury residential project '25 West' with an expected total revenue of ₹6,000 crores. These strategic initiatives aim to strengthen the company's revenue, profitability, and market position, subject to NCLT and other regulatory approvals.