Hubtown Ltd confirmed that its business operations remain unaffected despite a Goods & Services Tax (GST) Department search and seizure at its Mumbai office beginning February 9, 2026. The company is cooperating fully with officials, assuring stakeholders that operations continue as usual while material updates will be disclosed post-inspection.
Hubtown Ltd Maintains Normal Operations During GST Department Search
Hubtown Ltd has disclosed that its business operations continue without disruption even as the Goods & Services Tax (GST) Department initiated a search and seizure operation at its registered office in Mumbai on February 9, 2026.
Key Highlights:
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Operational Continuity: The company emphasized that day-to-day business activities remain unaffected, reassuring investors and stakeholders.
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Regulatory Cooperation: Hubtown is fully cooperating with GST officials, responding to queries and ensuring compliance throughout the inspection.
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Transparency: The company has informed stock exchanges that material developments will be communicated once the operation concludes, reflecting its commitment to disclosure norms.
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Market Confidence: By maintaining operations as usual, Hubtown aims to preserve investor confidence and minimize potential market volatility.
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Context: Such inspections are part of routine regulatory oversight, and Hubtown’s proactive communication signals financial and operational resilience.
This disclosure highlights Hubtown’s ability to navigate regulatory scrutiny while safeguarding business continuity, reinforcing its position in India’s real estate and infrastructure sector.
Sources: Fitch Ratings, ScanX News, Economic Times