Hazoor Multi Projects allots shares from warrant conversions

Hazoor Multi Projects Limited's fund-raising committee approved the allotment of 2,796,670 equity shares on December 19, 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. This allotment is a result of the conversion of 279,667 warrants, which were originally issued at an issue price of Rs. 300/- each.

The conversion follows a stock split that adjusted the nominal value of the equity shares from Re. 10/- to Re. 1/- each, allowing warrant holders to receive ten shares per warrant. The company received Rs. 6,29,25,075/- from the allottees, representing the balance amount of Rs. 225/- per warrant (75% of the issue price). The total paid-up capital of the company has now increased to Rs. 24,34,72,020/-, comprising 243,472,020 equity shares of Re. 1/- each.

Seven non-promoter/public category investors participated in this preferential allotment. Despite these conversions, 6,948,639 warrants remain outstanding and are eligible for conversion into an equal number of equity shares upon payment of the remaining Rs. 225/- per warrant within 18 months from their allotment date.