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.

Hazoor Multi Projects Limited (HMPL) has taken a significant step in strengthening its equity base by allotting 13,20,000 equity shares at Rs. 30 per share. This move comes as a result of the conversion of 1,32,000 warrants by two non-promoter investors, who have paid the remaining 75% conversion amount, totaling Rs. 2.97 crores.

Key Highlights of the Share Allotment

• Allotment Details: 13,20,000 equity shares at Rs. 30 per share
• Warrant Conversion: 1,32,000 warrants converted by non-promoter investors
• Conversion Amount: Rs. 2.97 crores (75% of the total conversion amount)
• New Paid-up Capital: Increased to Rs. 23.57 crores
• Outstanding Warrants: 77.30 lakh warrants still available for potential conversion

Impact on Company's Financial Position

The recent allotment has had a notable impact on HMPL's financial structure. Let's look at some key financial metrics based on the latest available balance sheet data:

All figures in Rs. crores

The significant increase in shareholders' capital and total assets over the past year indicates a strong growth trajectory for HMPL. The recent warrant conversion and share allotment are likely to further bolster this growth trend.

Future Implications

With 77.30 lakh warrants still outstanding, HMPL has the potential for additional capital infusion. These warrants can be converted into an equal number of equity shares within the 18-month exercise period, providing the company with a flexible mechanism for future fundraising.

This strategic move not only strengthens HMPL's capital base but also demonstrates investor confidence in the company's future prospects. As the company continues to grow, investors and market watchers will be keen to observe how effectively Hazoor Multi Projects utilizes this increased capital to drive business expansion and enhance shareholder value.

The coming months will be crucial for HMPL as it navigates the opportunities and challenges presented by this expanded equity base, potentially setting the stage for its next phase of growth in the dynamic Indian market landscape.