Hazoor Multi Projects had acquired 51% shareholding in Vyom Hydrocarbon Pvt Ltd
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From Rs 0.34 per share to Rs 35.38 per share, the stock rocketed over 10,000 per cent in 5 years.
Hazoor Multi Projects Limited (HMPL) has announced a significant change in its corporate structure involving Vyom Hydrocarbon Private Limited (VHPL). Although HMPL previously held a 51 per cent majority stake in VHPL—which in turn owned 100 per cent of Quippo Oil and Gas Infrastructure Limited—a recent conversion of Compulsorily Convertible Debentures (CCDs) has altered this arrangement. In December 2025, HMPL received communications indicating that CCDs totalling Rs 22.30 crore, originally issued to Vyom Geophysical Private Limited, were converted into equity shares of VHPL following a claimed event of default.
As a result of this conversion, HMPL’s shareholding in VHPL has been diluted below the majority threshold, leading to a loss of control under applicable Indian Accounting Standards. Consequently, VHPL and its subsidiary, Quippo, have ceased to be a subsidiary and step-down subsidiary of the Company, respectively. HMPL is currently in the process of obtaining and reviewing all relevant statutory records and documentation related to this matter to ensure the accounting treatment aligns with the information presently available. The Company remains focused on finalising its consolidated financial results while addressing the legal and structural implications of this dilution.
The company has also secured a significant domestic contract valued at Rs 44,23,80,000 from the National Highways Authority of India (NHAI) for user fee collection at the Balenahalli fee plaza in Karnataka. This one-year engagement covers the four-lane section of NH-150A between Challakere and Hiriyur, specifically from Design Km 358.500 to Km 414.205. Beyond toll collection, the scope of the Letter of Award includes the essential upkeep and maintenance of adjacent toilet blocks, ensuring the continuous replenishment of consumables. This competitive bid win underscores Hazoor's expanding operational role in managing critical infrastructure assets within India's national highway network.
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Add NowAbout the Company
Hazoor Multi Projects Ltd. (HMPL) is a BSE-listed, diversified infrastructure and engineering company based in Mumbai, with core operations spanning highways, civil EPC works, and shipyard services. It is now in the Oil and Gas Sector. Known for execution excellence and strategic clarity, HMPL has built a solid track record across capital-intensive, nationally significant projects. With a focus on scalable growth, recurring revenues and multi-vertical integration, HMPL is building a future-ready platform at the intersection of infrastructure, energy and industrial technology.
According to the Quarterly Results (Q3FY26), the company reported net sales of Rs 75.97 crore and a net profit of Rs 2.72 crore. In its nine-month results (9MFY26), the company reported net sales of Rs 259.20 crore (an increase of 55 per cent YoY) and a net profit of Rs 12.43 crore (an increase of 57 per cent YoY). Looking at its annual results (FY25), the company reported net sales of Rs 638 crore and a net profit of Rs 40 crore. The company has a market cap of over Rs 800 crore. From Rs 0.34 per share to Rs 35.38 per share, the stock rocketed over 10,000 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.