Hazoor Multi Projects allots shares after warrant conversions

Hazoor Multi Projects Limited's fundraising committee approved the allotment of 1,320,000 equity shares on November 29, 2025. These shares, with a face value of Re. 1/- each, were issued at Rs. 30/- each, including a premium of Rs. 29/-. This allotment resulted from the conversion of 132,000 warrants, initially issued at an issue price of Rs. 300/- each, following a sub-division of the nominal value of equity shares from Rs. 10/- to Re. 1/-.

The conversion generated Rs. 2,97,00,000/-, representing the remaining 75% of the issue price per warrant, from allottees in the "Non-Promoters/Public Category." Key allottees include Seabird Leasing and Finvest Private Limited, which converted 100,000 warrants into 10,00,000 equity shares, and Desai Hemant Kumar, who converted 32,000 warrants into 3,20,000 equity shares.

Following this allotment, the issued and paid-up capital of Hazoor Multi Projects Limited has increased to Rs. 23,56,59,910/-, comprising 23,56,59,910 equity shares of Re. 1/- each. The newly allotted shares will rank pari-passu with existing equity shares. The company noted that 7,729,850 total warrants remain outstanding for conversion.