Hazoor Multi Projects Subsidiary Stake Diluted to 53.76%

Hazoor Multi Projects Limited (HMPL) announced a dilution in its equity stake in its subsidiary, M/s. Square Port Shipyard Private Limited (SPSPL). The dilution occurred due to a preferential allotment of 1,18,800 equity shares at a premium of ₹2,166 per share, with an issue price of ₹2,176 per share, to M/s. Master Financial Services Limited. Consequently, HMPL's shareholding in SPSPL has reduced from 96.33% to 53.76%. Despite the significant dilution, SPSPL will continue to remain a subsidiary of HMPL. The number of equity shares held by HMPL in SPSPL remains unchanged at 1,44,500.