HUBTOWN LTD. - Announcement under Regulation 30 (LODR)-Acquisition

Pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015 read with Schedule III, Part A, Para A, Clause 1 of SEBI (LODR) Regulations, 2015, we would like to inform that Rare Townships Private Limited ('RTPL'), an Associate Company, has today, i.e. on March 12, 2024 allotted 80,93,906 Class A Equity Shares of face value of Rs. 10/- each at par pursuant to Rights Issue including unsubscribed portion of rights issue for a total consideration of Rs. 8,09,39,060/- to Hubtown Limited ('the Company'). Pursuant to this, the holding of the Company in RTPL has increase from 35.05% to 67.53% of Class A Equity Share Capital of RTPL and accordingly RTPL becomes the Subsidiary of the Company w.e.f. March 12, 2024.