Hazoor Multi Projects Limited successfully completed a significant fund-raising exercise through the allotment of equity shares via warrant conversion. The company's fund-raising committee approved the allotment of 1,89,11,320 equity shares, raising ₹42.55 crores from 19 investors in the non-promoter category.

Warrant Conversion Details

The allotment involved the conversion of 18,91,132 warrants into equity shares at an issue price of ₹30.00 per share, including a premium of ₹29.00 each. The conversion followed the company's recent stock subdivision, where each equity share of ₹10.00 face value was subdivided into 10 equity shares of ₹1.00 each.

Investor Participation

The warrant conversion attracted participation from 19 investors across various categories, including corporate entities, individuals, and investment funds. The largest allocation went to Morde Foods Private Limited, which converted 3,00,000 warrants into 30,00,000 equity shares, contributing ₹6.75 crores to the fund raise.

Impact on Share Capital

Following the warrant conversion and equity allotment, the company's issued and paid-up capital increased significantly to ₹27,06,31,110, consisting of 27,06,31,110 equity shares of ₹1.00 each. The newly allotted equity shares rank pari-passu with existing equity shares, providing equal rights to the new shareholders.

Outstanding Warrants

The company disclosed that 42,32,730 warrants remain outstanding for conversion. These warrant holders retain the right to convert their warrants into equity shares by paying the remaining 75% of the issue price (₹225.00 per warrant) within 18 months from the original warrant allotment date of June 25, 2024.

Shareholding Changes

The warrant conversion resulted in a collective 7.45% shareholding for the converting investors in the post-allotment scenario. Notable individual shareholdings include:

• Ovata Equity Strategies Master Fund: 2.12%
• Praveen Gupta: 0.92%
• Morde Foods Private Limited: 1.11%

The fund-raising committee meeting concluded with all necessary regulatory disclosures made under SEBI listing regulations.

Hazoor Multi Projects Limited has announced the resignation of its Independent Director Mr. Pramod Kumar, effective December 26, 2025. The company informed BSE Limited about this board composition change in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Director Resignation Details

Mr. Pramod Kumar, holding Director Identification Number (DIN) 10640996, tendered his resignation from the position of Non-Executive Independent Director due to personal reasons. The resignation became effective on December 26, 2025, as communicated through the official intimation to the stock exchange.

Regulatory Compliance and Confirmations

The company has fulfilled all regulatory disclosure requirements under SEBI Listing Regulations. As part of the mandatory disclosures, Mr. Pramod Kumar confirmed that there are no other material reasons for his resignation beyond those mentioned in his resignation letter. The director does not hold any directorships in other listed entities, indicating no conflicts or overlapping board positions.

Board Meeting and Formal Acceptance

While the resignation is effective from December 26, 2025, Hazoor Multi Projects Limited stated that the formal resignation will be considered for acceptance in the upcoming Board Meeting. This procedural step ensures proper board governance and documentation of the directorship change.

Company Communication

The intimation was signed by Mr. Radheshyam Laxmanrao Mopalwar, Managing Director (DIN: 02604676), and submitted to BSE Limited with all required annexures including the resignation letter and detailed regulatory disclosures. The company's registered office is located at C-45, Floor 4th, Plot-210, C Wing, Mittal Tower, Barrister Rajani Patel Marg, Nariman Point, Mumbai.