Hazoor Multi Projects completes ₹11.65 crore stake sale in shipyard subsidiary

Hazoor Multi Projects has completed the sale of a 3.67% stake in its subsidiary, Square Port Shipyard Private Limited (SPSPL), to Master Financial Services Limited for ₹1,16,54,500. The transaction was finalized on July 27, 2026, marking the conclusion of the divestment approved by the Board of Directors earlier. This strategic move reduces the company’s holding in SPSPL from 100% to 96.33%, causing the shipyard to cease being a wholly owned subsidiary while remaining a consolidated subsidiary.

The deal involved the transfer of 5,500 equity shares at a price of ₹2,119 per share, based on a valuation report dated June 30, 2026. The Board confirmed that the transaction is a related party arrangement conducted at arm's length. Master Financial Services Limited is not part of the promoter or promoter group of Hazoor Multi Projects Limited. The consideration was received in cash upon completion.

Financial Impact of Subsidiary

Square Port Shipyard Private Limited contributed significantly to the parent company's financials prior to the divestment. As of March 31, 2026, SPSPL accounted for 7.47% of the company's consolidated revenue and 4.51% of its net worth. 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 and Updates

The divestment was executed in compliance with the Companies Act, 2013, and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Hazoor Multi Projects submitted the necessary details to the exchange under Regulation 30 and Schedule III of the SEBI Listing Regulations. The company had previously intimated the board approval on July 22, 2026, and confirmed the completion on July 29, 2026.

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 submitted to the exchange on the date of her resignation.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.45%	-6.39%	-8.25%	-38.11%	-50.45%	+1,000.51%

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.