Hubtown Ltd shares increase as Vyomesh M. Shah HUF acquires 472,354 shares

What Hubtown Ltd announced

On 29 June 2026 Hubtown Ltd filed a disclosure with BSE and NSE under Regulation 29(2) of the SEBI Substantial Acquisition of Shares & Takeovers (SAST) Regulations, 2011. The filing records that Vyomesh M. Shah HUF – together with several persons acting in concert (PAC) – acquired an additional 472,354 equity shares of Hubtown Ltd on 25 June 2026. The acquisition increased the HUF’s voting‑right shareholding from 2,213,830 shares (1.56% of total voting capital) to 2,686,184 shares (1.89%).

The disclosure also details the release of a previously pledged block of shares, the mechanics of the transaction, and the resulting change in the collective holding of the acquirer and its PAC members.

Details of the acquisition

The filing lists a sizeable group of related parties – including Kushal Hemant Shah, Hemant M. Shah, Rushank V. Shah and several others – that are considered persons acting in concert with the HUF. Together, this consortium now controls roughly one‑third of Hubtown’s voting capital.

Encumbrance release and financing

The acquisition was not a conventional market purchase. The filing explains that on 27 March 2026 Edelweiss Investment Advisors Limited, the lender to the HUF, invoked an encumbrance on 1,711,170 equity shares previously pledged by Vyomesh M. Shah HUF. As part payment of the outstanding loan, Edelweiss transferred 472,354 of those pledged shares to the HUF’s demat account. This transfer effectively increased the HUF’s shareholding without any cash outflow at the time of the filing.

The remaining pledged shares (1,238,816) continue to be encumbered, representing 5.28% of Hubtown’s total voting capital. No new warrants, convertible securities, or other instruments were issued as part of the transaction.

Key facts at a glance

Why this matters for investors

The filing is a statutory disclosure required under SEBI’s takeover regulations. It informs the market that a significant block of shares, previously pledged as security, has been transferred to the acquirer’s demat account. For existing shareholders, the key implications are:

• Shareholding concentration – The PAC now controls over 33% of voting rights, which may affect future board composition or strategic decisions.
• Encumbrance status – Approximately 5.28% of the company’s shares remain pledged, indicating that a portion of the equity is still subject to loan covenants.
• No dilution – The total number of issued shares remains unchanged at 142,100,657; the transaction is a re‑allocation of existing shares, so there is no immediate dilution of earnings per share.
• Regulatory compliance – By filing under Regulation 29(2), Hubtown ensures transparency and compliance, reducing the risk of regulatory penalties.

Investors should monitor any subsequent filings that may disclose further share movements by the same group or any resolutions that require shareholder approval given the increased voting power.

Conclusion

Hubtown Ltd’s Regulation 29(2) filing confirms that Vyomesh M. Shah HUF, together with a broad set of related parties, increased its voting‑right stake by 472,354 shares on 25 June 2026, raising its direct holding to 1.89% and its collective PAC holding to 33.17% of the company. The acquisition was facilitated by the release of pledged shares from Edelweiss Investment Advisors Ltd, leaving a residual encumbrance of 5.28% of the capital. The disclosure satisfies SEBI’s takeover reporting requirements, and investors now have a clearer view of the evolving ownership structure.

"The encumbrance created on 1,711,170 equity shares held by Vyomesh M. Shah HUF was invoked by Edelweiss Investment Advisors Limited on 27 March 2026, resulting in the credit of 472,354 shares to the HUF’s demat account."