Hubtown Ltd

This is to inform that Rare Townships Private Limited (the Company) subsidiary of Hubtown Limited has entered into a Development Management Agreement with Gopani Realty LLP (GRL) for development of the Wing A-6 (India International Tower) of the Project Rising City at Ghatkopar Mumbai. The Development Management Agreement shall allow the Company to ensure project is completed in faster. GRL shall be responsible for providing funding to complete the Wing in the Project in faster timeframe. The Wings A1-A5 in the Rising City are being completed by the Company on its own with funding from SBI Ventures (SWAMIH Fund) which was availed in April 2024. With this the entire Phase - I (i.e. Building A1-A6) of the project Rising City has been financially closed and scheduled to be delivered starting from FY2026. This is for your information and record.