Hazoor Multi Projects Limited has successfully completed another significant warrant conversion exercise, further strengthening its capital base through strategic fund-raising initiatives. The company has now executed two major warrant conversion rounds, demonstrating strong investor confidence and participation.

Latest Warrant Conversion Details

The company's fund-raising committee approved the allotment of 1,75,05,050 equity shares through the conversion of 17,50,505 warrants at an issue price of ₹30.00 per share. This latest conversion involved 19 investors from the non-promoter category, maintaining the company's diverse investor base.

Key Investor Participation

The latest warrant conversion attracted significant participation from institutional and individual investors. NAV Capital VCC-NAV Capital Emerging Star Fund emerged as the largest participant, converting warrants for 81,96,500 equity shares, followed by Vineet Arora with 20,00,000 shares and Money Plant Pictures LLP with 25,00,000 shares.

Cumulative Fund-Raising Impact

Combining both warrant conversion exercises, Hazoor Multi Projects has successfully allotted a total of 3,64,16,370 equity shares through the conversion of 36,41,637 warrants. The consistent issue price of ₹30.00 per share across both conversions reflects stable pricing strategy and investor confidence.

Outstanding Warrant Position

Following the completion of these two conversion rounds, the company continues to have outstanding warrants available for conversion. Warrant holders retain the right to convert their remaining warrants into equity shares by paying 75% of the issue price within the stipulated timeframe from the original warrant allotment date.

Regulatory Compliance

The fund-raising committee meeting was conducted in full compliance with SEBI listing regulations, including Regulation 30 requirements and various SEBI circulars. All necessary regulatory disclosures have been made to ensure transparency and adherence to market 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.