Hazoor Multi Projects Limited has announced that its board of directors approved providing a corporate guarantee of Rs 50 crores for its wholly owned subsidiary during a meeting held on March 25, 2026. The guarantee is designed to secure banking facilities for Square Port Shipyard Private Limited from Bank of Baroda.

Corporate Guarantee Details

The board meeting, which commenced at 4:00 PM and concluded at 5:30 PM, resulted in approval for the corporate guarantee to secure comprehensive credit facilities for the subsidiary company. The guarantee covers two distinct banking facilities that will support the operational and expansion requirements of Square Port Shipyard Private Limited.

Transaction Structure and Compliance

The corporate guarantee arrangement involves Bank of Baroda as the lending institution, with Square Port Shipyard Private Limited as the borrower. The company has confirmed that the corporate guarantee will be issued on an arm's length basis, ensuring compliance with regulatory requirements.

Financial Impact Assessment

According to the company's disclosure, the issuance of this corporate guarantee represents a contingent liability for Hazoor Multi Projects Limited. The management has stated that there is presently no direct impact on the company's operations or financial position from this guarantee arrangement.

Regulatory Disclosure

The announcement was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided comprehensive details of the transaction, including the nature of the guarantee, parties involved, and potential impact on the listed entity.

The corporate guarantee reflects the parent company's support for its subsidiary's business expansion and operational financing requirements through established banking relationships.

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:

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.