Hazoor Multi Projects Subsidiary Preferential Allotment Reduces Stake

Key Quantitative Figures

• Subsidiary Square Port Shipyard Private Limited (SPSPL) allotted 1,18,800 equity shares
• Face value: ₹10 per share
• Premium: ₹2,166 per share
• Issue price: ₹2,176 per share
• Total issue value: Approximately ₹25.87 crore (1,18,800 shares × ₹2,176)

Dates of Action

• Board meeting date: 27th August 2026
• Disclosure date: 27th August 2026

Parties Involved

• Issuing company: Square Port Shipyard Private Limited (SPSPL)
• Parent company: Hazoor Multi Projects Limited (HMPL)
• Allottee: Master Financial Services Limited
• Regulatory recipient: BSE Limited

Shareholding Impact

Pre-allotment position:

• HMPL shareholding: 96.33%
• HMPL shares held: 1,44,500 equity shares

Post-allotment position:

• HMPL shareholding: 53.76%
• HMPL shares held: 1,44,500 equity shares (unchanged)
• Total outstanding shares of SPSPL increased due to preferential allotment

Corporate Status

SPSPL continues to remain a subsidiary of Hazoor Multi Projects Limited despite the reduced percentage ownership.

Additional Clarification

The number of equity shares held by HMPL in SPSPL remains unchanged at 1,44,500 shares. The reduction in percentage holding is solely due to the increase in SPSPL's total outstanding share capital following the preferential allotment.