Hazoor Multi Projects Limited , a Mumbai-based company, has announced a final dividend of Re. 0.20 per equity share for the financial year 2024-25. This dividend declaration, representing 20% of the face value of Rs. 1 per share, was approved by shareholders at the company's 33rd Annual General Meeting (AGM) held on September 29, 2025.

Dividend Details

The dividend recommendation was initially made by the Board of Directors at their meeting on May 30, 2025. Following shareholder approval, the company has confirmed that the dividend will be paid within the timeframe prescribed under the Companies Act, 2013.

Key Points:

• Dividend Amount: Re. 0.20 per equity share
• Face Value: Rs. 1 per share
• Dividend Percentage: 20% of face value
• Financial Year: 2024-25
• AGM Date: September 29, 2025

Corporate Governance

In compliance with regulatory requirements, Hazoor Multi Projects Limited has duly informed the BSE Limited about the dividend declaration. The company had previously communicated the record date details on August 28, 2025, adhering to transparency norms.

Additional Corporate Updates

During the same AGM, shareholders also approved several other significant corporate matters:

1. Appointment of Secretarial Auditor: Mr. Ranjit Binod Kejriwal, a practicing Company Secretary, has been appointed as the Secretarial Auditor for a term of five consecutive years, from FY 2025-26 to FY 2029-30.

2. New Independent Director: Mr. Mukund Shriniwasrao Bilolikar has been appointed as an Independent Director for a five-year term, from August 13, 2025, to August 12, 2030.

3. Executive Director Appointment: Mrs. Shruti Jigar Shah has been appointed as an Executive Director for a five-year term, effective from August 28, 2025, to August 27, 2030.

These appointments reflect Hazoor Multi Projects Limited's commitment to strengthening its corporate governance structure and bringing diverse expertise to its leadership team.

The dividend declaration and corporate appointments signal the company's focus on shareholder returns and robust governance practices as it moves forward in the 2025-26 financial year.

Hazoor Multi Projects Limited , a company listed on the Bombay Stock Exchange (BSE: 532467), has announced significant changes to its board of directors. The company's shareholders approved the appointment of two new directors at the 33rd Annual General Meeting (AGM) held on September 29, 2025.

New Executive Director Brings Diverse Experience

Mrs. Shruti Jigar Shah has been appointed as an Executive Director of the company for a five-year term, effective from August 28, 2025, to August 27, 2030. Mrs. Shah brings a unique blend of educational background and entrepreneurial experience to the board.

A commerce graduate with a diploma in interior designing, Mrs. Shah has demonstrated her entrepreneurial skills by successfully managing a restaurant named Krafty Foods for two years. She has since transitioned into the stock market, actively engaging in trading and investment activities. Her multifaceted background, which includes offering consultancy services, is expected to contribute significantly to the company's strategic direction.

Experienced Former Government Official Joins as Independent Director

Mr. Mukund Shriniwasrao Bilolikar has been appointed as an Independent Director for a five-year term, from August 13, 2025, to August 12, 2030. Mr. Bilolikar, aged 66, brings extensive experience from his 36-year tenure in the Maharashtra Government's Excise Department.

A Bachelor of Arts graduate from Marathwada University, Mr. Bilolikar retired in 2016 as a Class 2 Officer. His background in regulatory and supervisory roles related to excise matters is expected to provide valuable insights to the company's governance and compliance efforts.

Strengthening Corporate Governance

Both appointments are part of Hazoor Multi Projects Limited's efforts to enhance its board composition and corporate governance. The company has confirmed that neither Mrs. Shah nor Mr. Bilolikar is related to any other directors or key managerial personnel of the company, ensuring independence in decision-making processes.

The appointments were approved by shareholders at the company's AGM, which was conducted through Video Conferencing/Other Audio-Visual Means (VC/OAVM), reflecting the company's adaptation to modern corporate practices.

These strategic appointments are expected to bring fresh perspectives and diverse expertise to Hazoor Multi Projects Limited's board, potentially contributing to the company's future growth and development strategies.

Investors and stakeholders will be keen to observe how these new additions to the board will influence the company's direction and performance in the coming years.