Allotment of 4,91,000 Equity shares consequent to conversion of warrants into equity shares.

Hazoor Multi Projects has allotted 4,91,000 equity shares (Re. 1 face value) at Rs. 30 per share (Rs. 29 premium) to two non-promoter/public category allottees upon conversion of 49,100 warrants. The company received Rs. 1.10 crore as the balance 75% payment (Rs. 225 per warrant) from the warrant holders. The conversion ratio is 10 shares per warrant due to a prior stock split from Rs. 10 face value to Re. 1. Post-allotment, the company's paid-up equity capital stands at Rs. 23.33 crore (23.33 crore shares of Re. 1 each). A further 79,61,850 warrants remain outstanding and can still be converted into equal number of equity shares within 18 months of original warrant allotment.