Hazoor Multi Projects Limited has received credit rating assignments from CRISIL Ratings Limited for its material subsidiary's bank facilities. The company informed BSE on February 25, 2026, about the rating assignment for Hazoor Infra Projects Limited under regulatory compliance requirements.

Credit Rating Details

CRISIL Ratings Limited has assigned ratings to the bank facilities of Hazoor Infra Projects Limited, a material subsidiary of Hazoor Multi Projects Limited, for the company's Hybrid Annuity Model (HAM) project.

The rating assignment covers bank facilities worth Rs 476 crore for the long-term rating, while the short-term rating applies to the subsidiary's operational requirements.

Regulatory Compliance

The announcement was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has fulfilled its obligation to inform the stock exchange about material developments affecting its subsidiary operations.

Documentation and Accessibility

The detailed rating report released by CRISIL Ratings on February 24, 2026, is available on the official CRISIL Ratings website. The report provides comprehensive analysis and rationale behind the rating assignment for the HAM project facilities.

The communication was signed by Radheshyam Laxmanrao Mopalwar, Managing Director of Hazoor Multi Projects Limited, confirming the company's commitment to transparent disclosure practices.

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.