Hazoor Multi Projects Limited has formalized its updated Key Managerial Personnel (KMP) structure following recent board appointments and announced its unaudited financial results for the quarter and nine months ended December 31, 2025, under Regulation 33 of SEBI regulations. The company has strengthened its corporate governance framework through strategic appointments and organizational restructuring.

Updated Key Managerial Personnel Structure

Following the appointment of Mrs. Anushree Tekriwal as Company Secretary and Compliance Officer, the company has updated its KMP list under Regulation 30(5) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The updated structure ensures proper materiality determination and disclosure protocols to stock exchanges.

Financial Performance Overview

The company's standalone financial performance for Q3FY26 showed mixed results compared to the previous year. Revenue from operations increased significantly to ₹7,597.00 lakhs from ₹5,676.32 lakhs in Q3FY25, while net profit declined to ₹271.66 lakhs from ₹313.74 lakhs in the corresponding quarter of the previous year.

Consolidated Results Show Strong Growth

On a consolidated basis, the company demonstrated robust performance with significant improvements. Consolidated net profit for Q3FY26 reached ₹645.84 lakhs compared to ₹271.43 lakhs in Q3FY25, marking substantial growth despite revenue declining to ₹13,903.87 lakhs from ₹16,487.19 lakhs.

Board Meeting Outcomes and Appointments

The Board of Directors meeting held on February 12, 2026, approved the quarterly results and made key appointments. Mr. Kiran Vasantrao Kurundkar (DIN: 02332568) was appointed as Additional Independent Director for a five-year term, bringing extensive administrative experience as a retired IAS officer. Mrs. Anushree Tekriwal (ACS: 25243) was appointed as Company Secretary and Compliance Officer, with over 15 years of experience in corporate compliance matters.

Corporate Structure and Compliance

The company maintains prudent financial management with debt-equity ratios of 0.02 for standalone operations and 0.73 for consolidated operations. During the quarter, Vyom Hydrocarbon Private Limited and its subsidiary ceased to be subsidiaries following conversion of Compulsorily Convertible Debentures, which reduced the company's shareholding below majority level. The paid-up equity share capital stood at ₹2,881.72 lakhs as of December 31, 2025.

Hazoor Multi Projects Limited has converted its existing investment in Optionally Convertible Debentures (OCDs) of its wholly owned subsidiary into equity shares, maintaining complete ownership control. The conversion was announced on January 27, 2026, in compliance with SEBI Listing Regulations.

Conversion Details

The OCD conversion involves significant financial restructuring within the group structure. The transaction was executed without any cash consideration and represents a settlement of existing debenture obligations.

Subsidiary Profile

Square Port Shipyard Private Limited operates as a wholly owned subsidiary engaged in vessel manufacturing and repair services. The company was incorporated on November 29, 2022, with its registered office located in Mumbai.

Capital Structure

The subsidiary maintains a robust capital structure to support its manufacturing operations. The authorized and paid-up capital reflect the company's operational scale and growth trajectory.

Business Operations

Square Port Shipyard Private Limited specializes in comprehensive vessel-related services, covering the entire spectrum of maritime manufacturing and repair operations. The company's business scope includes:

• Manufacturing and repairing of ships, boats, vessels, and tankers
• Construction and maintenance of floating structures
• Development of specialized maritime equipment and components
• Shipping business operations for goods and passenger transportation

Regulatory Compliance

The conversion transaction does not fall within related party transaction categories and requires no governmental or regulatory approvals. The company has fulfilled all disclosure requirements under SEBI Listing Regulations, ensuring complete transparency in the restructuring process.

Following the conversion, Hazoor Multi Projects Limited continues to maintain 100% equity shareholding in Square Port Shipyard Private Limited, with no changes in ownership, control, or management structure of the subsidiary.