Hazoor Multi Projects Limited has announced the resignation of its Independent Director Mr. Pramod Kumar, effective December 26, 2025. The company informed BSE Limited about this board composition change in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Director Resignation Details

Mr. Pramod Kumar, holding Director Identification Number (DIN) 10640996, tendered his resignation from the position of Non-Executive Independent Director due to personal reasons. The resignation became effective on December 26, 2025, as communicated through the official intimation to the stock exchange.

Regulatory Compliance and Confirmations

The company has fulfilled all regulatory disclosure requirements under SEBI Listing Regulations. As part of the mandatory disclosures, Mr. Pramod Kumar confirmed that there are no other material reasons for his resignation beyond those mentioned in his resignation letter. The director does not hold any directorships in other listed entities, indicating no conflicts or overlapping board positions.

Board Meeting and Formal Acceptance

While the resignation is effective from December 26, 2025, Hazoor Multi Projects Limited stated that the formal resignation will be considered for acceptance in the upcoming Board Meeting. This procedural step ensures proper board governance and documentation of the directorship change.

Company Communication

The intimation was signed by Mr. Radheshyam Laxmanrao Mopalwar, Managing Director (DIN: 02604676), and submitted to BSE Limited with all required annexures including the resignation letter and detailed regulatory disclosures. The company's registered office is located at C-45, Floor 4th, Plot-210, C Wing, Mittal Tower, Barrister Rajani Patel Marg, Nariman Point, Mumbai.

Hazoor Multi Projects Limited has successfully completed the allotment of 82,47,770 equity shares following the conversion of warrants by nine investors. The fund-raising committee approved the allotment on December 22, 2025, marking a significant capital raising milestone for the company.

Share Allotment Details

The company allotted equity shares with a face value of ₹1.00 each at an issue price of ₹30.00 per share, including a premium of ₹29.00 per share. The allotment resulted from the conversion of 8,24,777 warrants that were originally issued at ₹300.00 each. The warrant holders paid the balance amount of ₹18,55,74,825 at ₹225.00 per warrant, representing 75% of the original issue price.

Investor Participation

Nine investors from the non-promoter/public category participated in the warrant conversion under the preferential allotment. The major participants included Minerva Venture Fund Limited with the largest conversion of 6,00,000 warrants into 60,00,000 equity shares, and Rita Chadha converting 90,000 warrants into 9,00,000 equity shares.

Impact on Share Capital

Following the warrant conversion and share allotment, the company's issued and paid-up capital increased to ₹25,17,19,790, consisting of 25,17,19,790 equity shares of ₹1.00 each. The newly allotted equity shares rank pari-passu with the existing equity shares of the company, providing equal rights and privileges to the new shareholders.

Outstanding Warrants

The company disclosed that 61,23,862 warrants remain outstanding for conversion. These warrant holders retain the right to convert their warrants into an equal number of equity shares by paying the remaining 75% of the issue price at ₹225.00 per warrant within 18 months from the original allotment date of June 25, 2024.

Stock Split Impact

The warrant conversion benefited from a stock split implemented with effect from November 7, 2024. The subdivision changed the nominal value of equity shares from ₹10.00 each to ₹1.00 each, effectively splitting each share into 10 shares. This adjustment allowed each warrant to convert into 10 equity shares instead of the original one-to-one conversion ratio, significantly increasing the number of shares allotted to warrant holders.