Hazoor Multi Projects Limited successfully completed a significant warrant conversion exercise on December 11, 2025, allotting 12.80 lakh equity shares through its fund-raising committee meeting. The conversion represents a strategic capital raising initiative that strengthens the company's equity base while providing existing warrant holders with full equity participation.

Warrant Conversion Details

The fund-raising committee approved the conversion of 1.28 lakh warrants into 12.80 lakh equity shares, with each warrant converting to 10 shares following the company's previous stock subdivision. The allotment was made at ₹30.00 per share, including a premium of ₹29.00 per share, generating total proceeds of ₹2.88 crores from the balance payment.

Allottee Distribution

The warrant conversion involved three non-promoter investors from the public category, with Seabird Leasing and Finvest Private Limited being the largest participant. The allotment was executed on a preferential basis under SEBI regulations, ensuring compliance with listing requirements.

Capital Structure Impact

Following the warrant conversion and equity allotment, the company's issued and paid-up capital increased substantially to ₹23.69 crores, consisting of 23.69 crore equity shares of ₹1.00 each. The newly allotted shares rank pari-passu with existing equity shares, providing equal rights and privileges to all shareholders.

Outstanding Warrants

The company maintains 76.02 lakh outstanding warrants available for conversion, representing significant potential for future capital raising. These warrant holders retain the right to convert their holdings into equity shares by paying the remaining 75% of the issue price at ₹225.00 per warrant within 18 months from the original allotment date of June 25, 2024.

Regulatory Compliance

The warrant conversion was conducted in full compliance with SEBI (ICDR) Regulations, 2018, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The fund-raising committee meeting commenced at 1:15 PM and concluded at 1:45 PM on December 11, 2025, with all necessary approvals obtained for the allotment process.

Hazoor Multi Projects Limited has announced the resignation of Mr. Mukund Shriniwasrao Bilolikar from his position as Independent Director, effective December 10, 2025. The company informed BSE Limited about this development through a regulatory filing under Regulation 30 of the SEBI Listing Regulations.

Director Resignation Details

Mr. Bilolikar, holding Director Identification Number (DIN) 08617648, submitted his resignation citing other professional commitments and unavoidable circumstances as the primary reasons for his departure. The resignation takes immediate effect from December 10, 2025.

Committee Memberships Impact

Following his resignation as Independent Director, Mr. Bilolikar will simultaneously cease to be a member of several key board committees. His departure will affect the composition of three important committees within the company's governance structure.

The committees affected include:

• Audit Committee
• Nomination and Remuneration Committee
• Stakeholder Relationship Committee

Regulatory Compliance

The company has fulfilled its disclosure obligations by providing all relevant details required under Regulation 30 of the SEBI Listing Regulations. The formal resignation will be considered for acceptance in the upcoming Board Meeting, as per standard corporate governance procedures.

Confirmation Statement

In his resignation letter, Mr. Bilolikar confirmed that there are no other material reasons for his resignation beyond those mentioned in his formal communication to the Board. The director expressed gratitude to the Board of Directors, Key Managerial Personnel, and staff members for their support during his tenure.

The company's Managing Director, Mr. Radheshyam Laxmanrao Mopalwar (DIN: 02604676), signed the regulatory filing submitted to the stock exchange. Hazoor Multi Projects Limited is registered with CIN L99999MH1992PLC269813 and maintains its registered office in Mumbai.