Hazoor Multi Projects Limited has announced a revision in the timeline for converting Optionally Convertible Debentures (OCDs) of its wholly owned subsidiary into equity shares. The company filed an intimation with BSE Limited on 28th February, 2026, under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Timeline Revision Details

The company had previously informed the stock exchange on 27th January, 2026, about its plan to convert existing investments in OCDs of Square Port Shipyard Private Limited into equity shares of the wholly owned subsidiary. However, there has been a change in the indicative completion period for this corporate action.

Regulatory Compliance

The intimation was filed pursuant to Regulation 30 read with Schedule III – Part A of the SEBI Listing Regulations. The company emphasized that except for the specific timeline change, all other contents of the original disclosure remain unchanged. This ensures transparency and keeps stakeholders informed about material developments affecting the corporate structure.

Corporate Structure Impact

The conversion of Optionally Convertible Debentures into equity shares represents a restructuring of the company's investment in its wholly owned subsidiary. Square Port Shipyard Private Limited will see changes in its capital structure once the conversion process is completed in March 2026. The transaction involves converting debt instruments into equity, which typically strengthens the subsidiary's balance sheet.

Management Authorization

The disclosure was digitally signed by Radheshyam Laxmanrao Mopalwar, Managing Director of Hazoor Multi Projects Limited, on 28th February, 2026. The company has requested BSE to take note of this timeline revision and maintain it on record for regulatory compliance purposes.

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.