Hazoor Multi Projects Limited (HMPL), a company listed on the Bombay Stock Exchange (BSE: 532467), has announced significant changes to its leadership and compliance team. The Board of Directors, in a meeting held on August 28, 2025, approved two key appointments that are set to strengthen the company's governance and executive structure.

New Addition to the Executive Team

Ms. Shruti Jigar Shah has been appointed as an Additional Executive Director of the company, effective immediately. This appointment is subject to shareholder approval at the upcoming Annual General Meeting.

Shah brings a diverse background to her new role:

• Bachelor of Commerce degree and a Diploma in Interior Designing
• Entrepreneurial experience managing Krafty Foods, a restaurant she launched and operated for two years
• Currently engaged in stock market trading and investment activities
• Offers consultancy services, leveraging her experience in business, design, and financial markets

The company's filing states that Shah "is not related to any one Director of the Company" and "is not debarred from holding the office of Director by virtue of any SEBI Order or any other such Authority."

Strengthening Compliance and Governance

In a move to enhance its compliance framework, HMPL has appointed Mr. Ranjit Binod Kejriwal as the company's Secretarial Auditor. Kejriwal's appointment is for a term of five consecutive years, from FY 2025-26 to FY 2029-30, pending shareholder approval at the upcoming Annual General Meeting.

Kejriwal's credentials include:

• Fellow membership of the Institute of Company Secretaries of India (ICSI)
• Peer review certification from ICSI
• 20 years of in-depth experience in various areas of corporate practice
• Expertise in corporate laws, IPO listing, compliance audits, corporate governance, mergers and acquisitions, and other economic laws

Looking Ahead

These appointments come as HMPL prepares for its 33rd Annual General Meeting, scheduled for September 29, 2025. The company has set September 22, 2025, as the record date for determining members eligible for the payment of the final dividend, subject to approval at the AGM.

The Board meeting that approved these appointments commenced at 4:00 p.m. and concluded at 5:45 p.m. on August 28, 2025, at the company's registered office in Mumbai.

As Hazoor Multi Projects Limited moves forward with these strategic appointments, shareholders and market observers will be keen to see how these changes influence the company's operations and governance in the coming years.

Hazoor Multi Projects Limited (HMPL) has taken a significant step towards expanding its presence in the Engineering, Procurement, and Construction (EPC) sector. The company has formally submitted binding offers to acquire part of the EPC business of Gammon Engineers and Contractors Private Limited (GECPL), a subsidiary of the well-established Gammon India Limited.

Strategic Acquisition Move

HMPL views this potential acquisition as a strategic opportunity to strengthen its position in the EPC space and broaden its infrastructure portfolio. The company, which already has a proven track record in execution, sees this as a chance to leverage its expertise and expand its footprint in the infrastructure sector.

About Gammon Engineers and Contractors

GECPL, established in 1922, is one of India's oldest and most respected engineering and construction companies. It has a strong presence in civil engineering and infrastructure development, with ongoing EPC works spanning various sectors including:

• Roads
• Railways
• Metros
• Power
• Irrigation
• Ports
• Marine projects

Acquisition Details

The acquisition is subject to several conditions:

1. Necessary approvals
2. Completion of procedural formalities
3. Acceptance of the offer by GECPL's lenders

It's worth noting that GECPL's lenders are currently exploring restructuring options under the Reserve Bank of India's Prudential Framework for Resolution of Stressed Assets, dated June 7, 2019.

Financial Implications

While specific financial details of the offer have not been disclosed, HMPL's recent financial performance indicates a strong position for such a strategic move. According to the company's latest financial results:

HMPL's Q1 Performance Highlights

These figures demonstrate HMPL's robust financial health, which could support its expansion plans through this potential acquisition.

Market Impact

The move by HMPL is likely to be closely watched by industry observers, as it could significantly alter the competitive landscape in the EPC sector. If successful, this acquisition could potentially elevate HMPL's status in the infrastructure development arena, allowing it to take on larger and more complex projects.

As the acquisition process unfolds, stakeholders will be keenly awaiting further details on the integration plans and the potential synergies that could arise from this strategic move. HMPL has stated that it will keep the Stock Exchange informed of further developments regarding this acquisition.