Road Infrastructure Company Updates Timeline for 100% Subsidiary Equity Conversion
The company has a market cap of over Rs 760 crore. From Rs 0.34 per share to Rs 33.50 per share, the stock rocketed over 9,750 per cent in 5 years.
✨ AI Powered Summary
Hazoor Multiprojects Ltd (HMPL) has issued a regulatory update regarding the restructuring of its investment in its wholly owned subsidiary, Square Port Shipyard Private Limited. The company is in the process of converting its existing investment in Optionally Convertible Debentures (OCDs) of the subsidiary into equity shares.
In a communication submitted to the BSE on February 28, 2026, HMPL informed that there has been a revision in the indicative timeline for completion of the conversion. The process is now expected to be finalised in March 2026.
The update follows an earlier intimation dated January 27, 2026. The company clarified that apart from the change in the timeline for completion, all other details disclosed earlier remain unchanged.
About 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 760 crore. From Rs 0.34 per share to Rs 33.50 per share, the stock rocketed over 9,750 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.