Stock market update: This company raises 8.40 crore via warrant conversion, check share price

The projects have been secured through e-tender process, the company informed the exchanges.

Stock market update: Hazoor Multi Projects Ltd., a residential and commercial project developer, is on investors’ radar today. The company announced a major corporate action in its latest exchange filing. The company stated in its filing that the fund-raising committee meeting held on December 17, 2025 approved the allotment of 37,35,440 equity shares, each with a face value of Re 1, at a price of Rs 30 per share (including a premium of Rs 29).

This allotment follows the conversion of 373,544 previously issued warrants at a price of ₹300 per warrant. The company stated that the number of shares and capital were adjusted following a stock split (reducing the face value of the equity shares from ₹10 to ₹1).

The company stated that these shares were allotted to non-promoter/public category investors on a preferential basis. In return, the company received over ₹8.40 crore (approximately ₹8.40 crore) in the form of a deposit of ₹225 per warrant (75% of the issue price).

The company further said that after conversion of warrants and allotment of equity shares, the issued and paid-up share capital of the company has increased to Rs 24,06,75,350, which includes 24,06,75,350 equity shares of face value of Rs 1 each.

The company also informed that currently 72,28,306 warrants are pending for conversion, which the warrant holders can convert into equity shares by depositing the remaining amount of Rs 225 per warrant within 18 months from the date of allotment.

The company’s stock was trading at Rs 37, down 0.83% or Rs 0.31 on the BSE today. Earlier, the company secured two work orders from NHAI worth around Rs 277 crore.

The projects have been secured through e-tender process, the company informed the exchanges. The work includes collection of user fee at fee plaza sections of highways in Tamil Nadu and Maharashtra, it said.