Hazoor Multi Projects Raises Rs. 1.47 Crore Through Warrant Conversion

Hazoor Multi Projects Limited (HMPL) has successfully completed a significant corporate action, raising Rs. 1.47 crore through the conversion of warrants into equity shares. The company's fund-raising committee approved the allotment of 4,91,000 equity shares at Rs. 30 per share, following the conversion of 49,100 warrants.

Warrant Conversion Details

The warrant conversion involved two non-promoter investors:

Investor Name	Warrants Converted	Equity Shares Allotted	Conversion Amount (Rs.)
Dilip Keshrimal Sanklecha	32,750	3,27,500	98,25,000
Vaibhav Dimri	16,350	1,63,500	49,05,000
Total	49,100	4,91,000	1,47,30,000

The investors paid the remaining 75% conversion amount, totaling Rs. 1.10 crore. Initially, the warrants were issued at Rs. 300 each, with holders paying Rs. 75 upfront and the balance Rs. 225 upon conversion.

Impact on Share Structure

Due to a previous stock split from Rs. 10 face value to Rs. 1, each warrant now converts to 10 equity shares instead of one. This corporate action has led to the following changes in the company's share structure:

New Paid-up Capital: Rs. 23.33 crore
Total Equity Shares: 23.33 crore
Outstanding Warrants: 79.61 lakh (remaining for conversion)

Conversion Timeline

The warrant holders have the right to convert their remaining warrants into equity shares within 18 months from the original allotment date. This provides an opportunity for further capital infusion in the future.

Market Implications

This warrant conversion strengthens Hazoor Multi Projects Limited's financial position by bringing in fresh capital. The increased number of outstanding shares may impact the company's earnings per share and ownership structure. Investors should note that the new equity shares will rank pari-passu with existing equity shares of the company.

As the company continues to have a significant number of outstanding warrants, market participants may want to monitor potential future conversions and their impact on the company's capital structure and stock price.

Regulatory Compliance

The allotment was made in compliance with SEBI (ICDR) Regulations, 2018, and the company has duly informed the BSE Limited as per Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Investors and stakeholders are advised to keep track of any further corporate announcements from Hazoor Multi Projects Limited regarding the remaining warrant conversions and their potential impact on the company's financial position and market performance.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.96%	+12.24%	-1.87%	-1.76%	-24.38%	+21,847.06%

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:

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.
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.
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.