Corporate News
Hubtown Limited announced that revenue from operations for Saicharan Consultancy Pvt Ltd was Rs 0.09 million, with a loss before tax of Rs 0.09 million. Revenue from operations for 25 West Realty Pvt Ltd was Rs 5.28 million, with a loss before tax of Rs 138.01 million. Nitant Real Estate Pvt Ltd, consolidated with Amazia Developers Pvt Ltd, reported revenue from operations of Rs 8,747.80 million and profit before tax of Rs 1,224.10 million. The company is pursuing a consolidation of corporate structure through merger, with Scheme 1 involving Saicharan Consultancy, Scheme 2 involving 25 West Realty, and Scheme 3 involving Nitant and Amazia, all merging into Hubtown Limited. Approvals for Schemes 1 and 2 were announced on June 23, 2026, and the next steps involve sanction from the Hon’ble NCLT, filing with the Registrar of Companies, and allotment of shares. Rising City, 25 West, 25 South, and 25 Downtown are key projects involved in the merger, with various stages of completion and approvals underway.