Hazoor Multi Projects Extends Rs 25 Crore OCD Tenure to 2027, Revises Security Structure

Om DSIJ/ 26 Mar 2026 /Categories: Mindshare, Trending

Hazoor Multi Projects Extends Rs 25 Crore OCD Tenure to 2027, Revises Security Structure

Hazoor Multi Projects approves one-year extension of debentures issued to its wholly owned subsidiary and modifies collateral backed by Ratnagiri property

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Hazoor Multi Projects informed exchanges about a key update related to its investment in its wholly owned subsidiary, signalling continued financial support and restructuring of existing instruments. As of March 25, 2026, Hazoor Multi Projects' share price closed at Rs 26, which is 3.67 per cent.

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Extension of OCD Tenure and Security Modification

Hazoor Multi Projects Limited, in its capacity as an investor, has approved the extension of tenure for its 0.01% Optionally Convertible Debentures (OCDs) amounting to Rs 25 crore issued to its wholly owned subsidiary, Square Port Shipyard Private Limited. The tenure has been extended by an additional year, shifting the maturity from April 9, 2026, to April 9, 2027, indicating continued financial backing and deferment of conversion or repayment timelines.

Further, the company has also approved a modification in the existing security structure tied to these debentures. The revised security will be backed by a property located at Navase, Taluka Dapoli, District Ratnagiri, Maharashtra. This change is subject to the creation and registration of a charge over the said property and completion of necessary statutory filings, ensuring compliance and strengthening of collateral backing for the investment.

About the Company: Hazoor Multi Projects Limited

Hazoor Multi Projects Limited (HMPL) is an India-based infrastructure and project development company engaged in executing engineering, procurement, and Construction (EPC) contracts. The company primarily focuses on road construction, Real Estate development, and other infrastructure-related activities.

Over the years, HMPL has expanded its presence through project execution and strategic investments, including its wholly owned subsidiary, Square Port Shipyard Private Limited. The company also participates in government and semi-government projects, positioning itself within the infrastructure growth segment.

With a focus on project execution and asset-backed investments, Hazoor Multi Projects continues to explore opportunities in infrastructure development while strengthening its financial structure through instruments such as debentures and equity investments.

Hazoor Multi Projects has a market capitalisation of Rs 704 crore. The company has reported a median sales growth of 17.1 per cent over the last 10 years. Its book value stands at Rs 17.8 per share. The stock has recorded a 52-week high of Rs 50.95 and a 52-week low of Rs 22.45.