Dear Sir/Madam, Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI Listing Regulations') read with Para A of Part A of Schedule ....
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Awaiting price reaction for this filing.
Hazoor Multi Projects Ltd held a Board Meeting on June 16, 2025, where it approved adding seven new clauses (numbered 8-14) to the Main Objects of its Memorandum of Association. These new clauses dramatically widen the company's permitted business scope to include shipbuilding and repair, maritime logistics, oil & gas (exploration, drilling, refining), mining, environmental and waste management, real estate and infrastructure development (roads, bridges, ports, airports, power plants), and hospitality (hotels, resorts, food & beverage, travel). The Board has called an Extra-Ordinary General Meeting on July 16, 2025 via video conferencing to seek shareholder approval for these changes. E-voting will run from July 13-15, 2025, with Mr. Ranjit Binod Kejriwal appointed as scrutinizer. The Board Meeting ran from 4:00 PM to 7:05 PM.
This is a very wide-ranging diversification that effectively transforms the company into a multi-sector conglomerate spanning shipping, energy, infrastructure, and hospitality. Shareholders should carefully review whether management has credible plans and capital to execute across so many unrelated sectors, as such broad object clause changes are often a watch signal. The stock may see speculative interest but the proposal still requires shareholder approval at the July 16, 2025 EOGM.