These shares, thought with a nominal value of re 1 and an issue price of 30 (which includes a premium of 29), was issued following the conversion of 52,750 warrants. These warrants were originally allotted at 300 each, with 25% paid in advance, allowing the holders to convert them into an equivalent number of equity shares by paying the remain 75% within 18 months.
This conversion, which occurred after a Subdivision of the company’s right shares, has boosted hmpl’s is issued and paid-up capital to 22,49,61,410, Comprising 22,49,61,410 Equity Shares of Re 1 Each, which hold the same rights as the existing shares. There remain 87,99,700 warrants still available for conversion.
The Board of Directors of Hazoor Multi Projects Limited (HMPL) HAS recently Sanctioned a Major Expantion of the company’s primary business Goals. This Strategic Decision, Evident Through New Sub-Clauses in their Memorandum of Association, Enables HMPL to Branch Out Inas Such as Shipbuilding and Engineering, Ship Repair and Maintenance, MANITENANCE, MARITIMEE Industry, Shipping Logistics and Transport, Mining and Quarrying, Oil and Gas, Environmental Engineering and Sustainability, As well as Hospitality, Lodging, Food and Beverage Services, and Beverages Services, and Retured Travel Tourism.
This expansion enhances HMPL’s Opportunities for Generating Revenue. Additional, hmpl has obtained a one-year, 22.995 Crore Contract from the National Highways Authority of India for the Collection of User Fees and Maintenance Services at the Shrishikalan Fee Plaza in Uttar Pradesh.
Hazoor Multi Projects Ltd is a Prominent Indian Firm Specializing in the Construction of Roads, Bridges, and Various Civil Engineering Undertakings.
Hazoor Multi Projects Share Price Today
Hazoor Multi Projects Share Price Today Opened at 40.34 apiece on the bse, the stock touched an intraday high 40.50 Apiece, and an intraday low of 39.80 per share.
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