Hazoor Multi Projects divests 3.67% stake in subsidiary for ₹11.65 crore

Hazoor Multi Projects Limited has agreed to sell a 3.67% stake in its subsidiary, Square Port Shipyard Private Limited (SPSPL), to Master Financial Services Limited for ₹1,16,54,500. The Board of Directors approved the divestment of 5,500 equity shares at a price of ₹2,119 per share, based on a valuation report dated June 30, 2026. This strategic move will reduce the company's holding in SPSPL from 100% to 96.33%, causing the shipyard to cease being a wholly owned subsidiary while remaining a subsidiary.

The transaction is scheduled for completion on July 27, 2026. The consideration will be received in cash. The Board confirmed that the deal is a related party transaction conducted at arm's length. Master Financial Services Limited is not part of the promoter or promoter group of Hazoor Multi Projects Limited.

Financial Impact of Subsidiary

Square Port Shipyard Private Limited contributed 7.47% to the company's consolidated revenue and 4.51% to its net worth as of March 31, 2026. The following table details the financial contribution of the subsidiary during the last financial year:

Particulars	SPSPL (In Lakhs)	% of the Company
Revenue	4328.74	7.47%
Net Worth	2814.77	4.51%

Regulatory Compliance

The divestment will be carried out in compliance with the applicable provisions of the Companies Act, 2013, and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company submitted the necessary details to the exchange under Regulation 30 and Schedule III of the SEBI Listing Regulations.

In a separate administrative update, the Board accepted the resignation of Mrs. Anushree Tekriwal as Company Secretary & Compliance Officer, effective from the close of business hours on July 14, 2026. This disclosure was previously submitted to the exchange on the date of her resignation.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.22%	-4.34%	-6.82%	-25.61%	-48.94%	+1,132.61%

Hazoor Multi Projects Ltd has updated its structure of Key Managerial Personnel (KMP) following the resignation of Mrs. Anushree Tekriwal as Company Secretary and Compliance Officer, effective July 14, 2026. The company communicated the revised contact details for determining the materiality of events and making disclosures to stock exchanges pursuant to Regulation 30(5) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The resignation was submitted due to personal reasons and was effective from the close of business hours on July 14, 2026. Mrs. Tekriwal requested that her resignation be noted at the forthcoming board meeting and urged the management to complete requisite filings with the Registrar of Companies and stock exchanges.

Key Managerial Personnel

The company designated the following authorized personnel for disclosures:

Sr. No.	Name of KMP	Designation	Contact Details
1.	Mr. Radheshyam Laxmanrao Mopalwar	Managing Director	Hazoor Multi Projects Limited, C-45, Floor 4th, Plot -210, C Wing, Mittal Tower, Barrister Rajani Patel Marg, Nariman Point Mumbai – 400021. Email: cs@hazoormultiproject.com / hmpl.india@gmail.com . Telephone: 022 -22000525
2.	Mr. Samir Mahendra Desai	Chief Financial Officer (CFO)	-
3.	Mr. Akshay Pawan Kumar Jain	Chief Executive Officer (CEO)	-

Resignation Details

The following table outlines the key particulars regarding the change in the company's compliance officer:

Sr. No	Particulars	Remarks
1.	Name	Mrs. Anushree Tekriwal
2.	Reason for change	Resignation due to personal reasons
3.	Date of cessation	Resignation with effect from 14 July 2026
4.	Brief profile	Not Applicable
5.	Disclosure of relationships	Not Applicable

The resignation was formally submitted to the Board of Directors of Hazoor Multi Projects Limited. Mrs. Tekriwal expressed her gratitude to the board and management for their support during her tenure.