Road construction company allots 37,35,440 equity shares consequent to the conversion of warrants!
DSIJ Intelligence-1Categories: Multibaggers, Penny Stocks, Trending
From Rs 0.25 to Rs 37.98 per share, the stock rocketed over 15,000 per cent in 5 years.
On December 17, 2025, the fundraising committee of Hazoor Multi Projects Limited approved the allotment of 37,35,440 equity shares (face value Re 1) to eight non-promoter investors following the conversion of 3,73,544 warrants. The allotment occurred upon receipt of the 75 per cent balance payment totalling Rs 8,40,47,400. Due to a prior 1:10 stock split, each warrant was converted into 10 equity shares at an adjusted issue price of Rs 30 per share.
Following this allotment, the company’s paid-up capital has increased to Rs 24,06,75,350, represented by 24,06,75,350 equity shares. These new shares rank pari-passu with existing shares, while 72,28,306 warrants remain outstanding for future conversion. Notable allottees in this tranche include V Cats Consultancy LLP and members of the Agrawal family, all of whom exercised their conversion rights under SEBI (ICDR) Regulations.
Earlier, the company had won two one-year domestic Letters of Award (LOA) from the NHAI, totalling Rs 277.40 crore, for collecting user fees and maintaining toilet blocks at two fee plazas, secured via competitive e-bidding. The larger contract, valued at Rs 235.43 crore, is for the Ankadhal Fee Plaza on the Sangli-Solapur section of NH-166 in Maharashtra, while the second, worth Rs 41.98 crore, is for the Krishnagiri Fee Plaza on the Hosur-Krishnagiri section of NH-44 in Tamil Nadu, demonstrating the company's success in key highway revenue collection and maintenance contracts.
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 and 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 (Q2FY26), the company reported net sales of Rs 102.11 crore and a net loss of Rs 9.93 crore while in the half-yearly results (H1FY26), the company reported net sales of Rs 282.13 crore and a net profit of Rs 3.86 crore. 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 860 crore. In September 2025, FIIs bought 55,72,348 shares and increased their stake to 23.84 per cent compared to June 2025. From Rs 0.25 to Rs 37.98 per share, the stock rocketed over 15,000 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.