Appointment of Mr. Mukund Shriniwasrao Bilolikar (DIN: 08617648) as additional Independent Director of the Company for a period of 5 year with effect from 13th August 2025, to 12th August ....
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Hazoor Multi Projects reported a sharp jump in Q1 FY26 (quarter ended June 30, 2025) standalone results, with revenue from operations rising to ₹9,916 lakh from ₹3,416 lakh a year ago, and net profit surging to ₹840.77 lakh from just ₹7.86 lakh. Consolidated revenue stood at ₹18,002 lakh with PAT of ₹1,378.77 lakh. The Board appointed Mr. Mukund Shriniwasrao Bilolikar (DIN: 08617648), a retired Maharashtra Excise Department officer, as an Additional Independent Director for 5 years effective August 13, 2025, subject to shareholder approval. Separately, the Board approved submitting a binding offer to lenders of Gammon Engineers and Contractors Pvt Ltd for the potential acquisition of its EPC business. No investor complaints were pending during the quarter.
The strong year-on-year earnings growth and the potential acquisition of Gammon's EPC business could boost investor sentiment, though the deal is subject to approvals and procedural formalities. The new independent director strengthens board composition but does not immediately affect operations.