Hazoor Multi Projects Extends OCD Tenure and Modifies Security Terms for Subsidiary Investment

1 min read Updated on 25 Mar 2026, 12:13 AM

Reviewed by

Radhika SScanX News Team

Overview

Hazoor Multi Projects Limited has extended the tenure of Rs. 25 crore OCDs in subsidiary Square Port Shipyard Private Limited by one year to April 9, 2027, while approving security modifications involving a Maharashtra property. The 0.01% OCDs extension follows previous intimations about conversion strategies for the wholly owned subsidiary investment.

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Hazoor Multi Projects Limited has informed BSE about significant modifications to its investment structure in wholly owned subsidiary Square Port Shipyard Private Limited, extending the tenure of Optionally Convertible Debentures and revising security arrangements.

OCD Tenure Extension Details

The company has approved a one-year extension for its 0.01% Optionally Convertible Debentures (OCDs) in Square Port Shipyard Private Limited. The key parameters of this extension are presented below:

Parameter:	Details
OCD Value:	Rs. 25 crores
Interest Rate:	0.01%
Original Maturity:	April 9, 2026
Extended Maturity:	April 9, 2027
Extension Period:	One year

Security Modification Approved

Alongside the tenure extension, Hazoor Multi Projects has approved modification of existing security arrangements. The company will utilize a property situated at Navase, Taluka Dapoli, District Ratnagiri, Maharashtra as security for the OCDs. This modification is subject to:

Creation and registration of charge over the property
Satisfaction of company requirements
Completion of necessary statutory filings

Previous Regulatory Intimations

This announcement follows earlier communications to BSE regarding the company's OCD investment strategy. The company had previously intimated the stock exchange on January 27, 2026 and February 28, 2026 about the conversion of existing OCDs into equity shares of Square Port Shipyard Private Limited.

Regulatory Compliance

The intimation was filed under Regulation 30 read with Schedule III – Part A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Managing Director Radheshyam Laxmanrao Mopalwar signed the disclosure on March 24, 2026, ensuring compliance with listing obligations for material events affecting the company's subsidiary investments.

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Hazoor Multi Projects Secures ₹271.56 Crore NHAI Contract for Fee Collection Services

1 min read Updated on 12 Mar 2026, 06:46 PM

Reviewed by

Shriram SScanX News Team

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Overview

Hazoor Multi Projects Limited has been awarded a ₹271.56 crore contract by NHAI for user fee collection services at Chowlaggere fee plaza on NH-48 in Karnataka. The one-year contract, secured through competitive e-tender bidding, includes fee collection and maintenance of adjacent facilities. This domestic contract strengthens the company's position in highway infrastructure services and provides significant revenue visibility.

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Hazoor Multi Projects Limited has secured a major infrastructure services contract from the National Highways Authority of India (NHAI), marking a significant business development for the company. The Letter of Award was formally received on March 11, 2026, following a competitive e-tender bidding process.

Contract Details and Scope

The awarded contract encompasses user fee collection services at Chowlaggere fee plaza, strategically located at Km. 193.020 on the Hassan to Maranahally section of NH-48 in Karnataka. The project covers the four-laning stretch from Hassan (Existing Km. 189+700, Designed Ch. 184+912) to Maranahally (Existing Km. 237+000, Design Ch. 230+060).

Parameter:	Details
Contract Value:	₹271.56 crores
Duration:	One Year
Location:	Chowlaggere fee plaza, NH-48, Karnataka
Nature:	User fee collection services
Award Authority:	National Highways Authority of India (NHAI)
Contract Type:	Domestic

Service Components

The contract scope extends beyond basic fee collection services to include comprehensive facility management responsibilities. The company will be responsible for:

User fee collection at the designated plaza
Upkeep and maintenance of adjacent toilet blocks
Recouping consumable items for facility operations

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement confirms that the contract does not involve any related party transactions and maintains arm's length dealings with the awarding authority.

Strategic Significance

This contract represents a substantial addition to Hazoor Multi Projects' portfolio in the infrastructure services sector. The one-year duration provides immediate revenue visibility, while the involvement with NHAI strengthens the company's position in highway infrastructure services. The competitive bidding process through which the contract was secured demonstrates the company's capability to compete effectively in the government infrastructure sector.

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