Hazoor Multi Projects Limited has secured a substantial contract from the National Highways Authority of India (NHAI) for fee collection operations on a major Karnataka highway. The company announced the Letter of Award (LOA) on February 17, 2026, in compliance with SEBI listing regulations, marking a significant business development for the infrastructure services provider.

Contract Overview and Scope

The NHAI has awarded Hazoor Multi Projects the contract for user fee collection at Balenahalli fee plaza, located at Design Km 397.400 on NH-150A in Karnataka. The project encompasses fee collection services for the four-lane section connecting Challakere to Hiriyur, covering the stretch from existing chainage Km 359.120 to Km 411.560.

Project Specifications

The contract covers comprehensive operations at the designated fee plaza, including user fee collection for the four-lane highway section. Additionally, the scope includes upkeep and maintenance of adjacent toilet blocks, encompassing the recouping of consumable items to ensure facility standards.

The highway section spans from existing chainage Km 359.120 to Km 411.560, corresponding to design chainage Km 358.500 to Km 414.205 of NH-150A. The contract was secured through competitive bidding via e-tender process, demonstrating the company's competitive positioning in the infrastructure services sector.

Contract Terms and Classification

The engagement represents a domestic contract with NHAI, classified as a user fee collection service arrangement. The one-year execution timeline provides Hazoor Multi Projects with immediate revenue visibility from highway operations.

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement includes comprehensive project details as mandated by regulatory requirements, ensuring transparency for stakeholders and market participants.

The contract award strengthens Hazoor Multi Projects' position in highway infrastructure services, adding a significant revenue stream through fee collection operations on a major Karnataka highway corridor.

Hazoor Multi Projects Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025, alongside key board appointments during a meeting held on February 12, 2026. The company demonstrated mixed performance with revenue growth in standalone operations while strengthening its corporate governance framework through strategic appointments.

Q3FY26 Financial Performance

The company's standalone operations showed revenue growth with mixed profitability results. Revenue from operations increased to ₹7,597.00 lakhs in Q3FY26 compared to ₹5,676.32 lakhs in Q3FY25, while net profit declined to ₹271.66 lakhs from ₹313.74 lakhs in the corresponding quarter.

Consolidated Results Show Strong Performance

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

Key Board Appointments

The Board of Directors approved significant appointments to strengthen the company's leadership structure. Mr. Kiran Vasantrao Kurundkar was appointed as Additional Independent Director for a five-year term, bringing extensive administrative experience as a retired IAS officer with specialized expertise in election management and district administration.

Updated KMP Structure and Corporate Changes

Following the appointment of Mrs. Anushree Tekriwal as Company Secretary and Compliance Officer, the company updated its Key Managerial Personnel structure under SEBI regulations. The company maintains a debt-equity ratio of 0.02 for standalone operations and 0.73 for consolidated operations, with paid-up equity share capital of ₹2,881.72 lakhs as of December 31, 2025.

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 Board meeting commenced at 4:00 p.m. and concluded at 9:30 p.m., with all results subjected to limited review by statutory auditors.