Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Hubtown has informed that the Company is undertaking a preferential issue of 1,46,80,249 fully paid-up equity shares of the Company having face value of INR 10 at an issue price of INR 341 each aggregating up to INR 5,00,59,64,909. Further, one of the objects of the proposed issue is the utilisation of INR 150.00 Crores from the issue proceeds towards the repayment / prepayment of the Company’s existing loans / borrowings. In this regard, the company has confirmed that the entire amount of INR 150.00 Crores proposed to be utilised for the above object will be applied exclusively towards the repayment / prepayment of the Company’s secured loans / borrowings. No part of the said amount shall be utilised towards the prepayment / repayment of any unsecured loans / borrowings. This disclosure is being made to ensure transparency and compliance with applicable regulatory requirements.
