Hazoor Multi Projects allots shares from warrant conversions

Hazoor Multi Projects Limited's fund-raising committee approved the allotment of 3,735,440 equity shares on December 17, 2025. These shares, with a face value of Re. 1/- each, were issued at a price of Rs. 30/- each (including a premium of Rs. 29/- per share), resulting from the conversion of 373,544 warrants. The conversion followed a stock split effective November 7, 2024, where one Rs. 10/- share was divided into ten Re. 1/- shares.

The allotment was made to non-promoter/public category investors on a preferential basis, upon receipt of the balance amount aggregating to Rs. 8,40,47,400/-. This amount corresponds to Rs. 225/- per warrant, representing 75% of the issue price per warrant, which was initially Rs. 300/- per warrant. The warrants were originally allotted on June 25, 2024, requiring payment of Rs. 75/- per warrant upfront.

Following this conversion and allotment, the issued and paid-up capital of the Company has increased to Rs. 24,06,75,350/-, comprising 24,06,75,350 equity shares of Re. 1/- each. The newly allotted shares will rank pari-passu with existing equity shares. The company notes that 7,228,306 total warrants remain outstanding, with holders entitled to convert them into an equal number of equity shares by paying the remaining 75% (Rs. 225/- per warrant) within 18 months of the original warrant allotment.