Hazoor Multi Projects Limited has redeemed its investment in Optionally Convertible Debentures (OCDs) issued by its wholly owned subsidiary, Square Port Shipyard Private Limited (SPSPL). The company received full and final payment of Rs 25 Crores for the 0.01% OCDs, marking the extinguishment of this investment. The redemption was executed in accordance with the terms governing the OCDs and based on a mutual agreement between the parent company and the subsidiary.

Consequent to the redemption, no equity shares were allotted pursuant to the OCDs. Consequently, there is no change in the shareholding pattern of Hazoor Multi Projects Limited in SPSPL, which continues to remain a wholly owned subsidiary. The company confirmed that the redemption does not have any material adverse impact on its operations or financial position.

Key Details of the Redemption

The intimation was submitted to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing references previous intimations dated January 27, 2026, February 28, 2026, and March 24, 2026, regarding this matter.

Hazoor Multi Projects Limited reported a consolidated net profit of ₹4,268.81 lakh for the financial year ended March 31, 2026, an increase from ₹3,997.59 lakh in the previous year. The company's standalone net profit for the year stood at ₹2,287.29 lakh, up from ₹1,409.35 lakh in FY25. The Board of Directors approved the standalone and consolidated audited financial results for the quarter and year ended March 31, 2026, at its meeting held on May 26, 2026. The statutory auditors, M/s. VMRS & Co., issued an audit report with an unmodified opinion on the financial results.

Revenue from operations for the consolidated entity for FY26 was ₹57,957.55 lakh, compared to ₹63,768.00 lakh in the previous year. On a standalone basis, revenue from operations was ₹40,271.41 lakh, up from ₹39,475.68 lakh in FY25.

Q4 Standalone Performance

The company delivered a strong quarterly performance on a standalone basis. Q4 EBITDA surged to ₹824 million from ₹282 million in the same period last year, with the EBITDA margin expanding significantly to 57.46% from 12.39% year-on-year. Standalone net profit for Q4 rose to ₹104 million compared to ₹62 million in the corresponding quarter of the previous year, while Q4 revenue stood at ₹1.43 billion versus ₹2.3 billion year-on-year.

Full Year Financial Performance

The company's total comprehensive income for the consolidated year ended March 31, 2026, was ₹4,275.48 lakh. The earnings per share (EPS) for the consolidated entity was ₹1.74 on a basic and diluted basis for the full year. The paid-up equity share capital as of March 31, 2026, was ₹2,881.72 lakh. The Board also appointed M/s. N. Ritesh & Associates, Cost Accountants, as the Cost Auditor for the financial year 2026-27.

The following table summarises the key financial metrics for the full year:

Strategic Decisions

The Board approved the withdrawal of the binding offer for the potential acquisition of the EPC business of Gammon Engineers and Contractors Private Limited. Following a detailed review of the physical progress and financial performance of the target company, including an assessment of enhanced security cover requirements proposed by CRISIL, the Senior Executives concluded that proceeding would not be in the best interests of the company. The Board determined that the proposed acquisition and the operations of the target business were no longer considered viable, and the offer now stands withdrawn and is treated as null and void.

Furthermore, the Board reconsidered and approved the proposal for listing the company's securities on the Main Board of the National Stock Exchange of India Limited (NSE). This follows the completion of the conversion of share warrants into equity shares, which had previously delayed the listing process. The listing remains subject to the fulfilment of requisite eligibility criteria and necessary approvals. The trading window for insiders will reopen 48 hours after the announcement of the results.