Dear Sir/Madam, Withreference of the above captioned subject, please find enclosed herewith the Notice of Extra Ordinary General Meeting of the Members of the Company scheduled to held ....
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Hazoor Multi Projects Limited has called an Extra Ordinary General Meeting on Wednesday, July 16, 2025 at 12:30 PM, to be held via video conferencing. The only item on the agenda is a Special Resolution seeking shareholder approval to amend the Object Clause of the company's Memorandum of Association. The proposed amendment would add several new business areas to the company's permitted activities, including shipbuilding and maritime logistics, oil and gas (drilling, equipment, services), infrastructure development (roads, airports, ports, power plants), real estate, construction, hospitality and tourism, and environmental engineering and waste management. The E-voting window runs from July 13 (9 AM) to July 15 (5 PM), with July 9 set as the cut-off date to determine eligible voters. The Board approved the diversification plan at its meeting on June 16, 2025, stating the move is aimed at long-term growth, better use of resources, and higher future revenue and profits.
If approved, this is a major diversification move that could materially change the company's business profile beyond its current operations, with both upside potential from new revenue streams and execution risk from entering several capital-intensive industries. Shareholders should review the expanded objects clause carefully before voting, as the scope is unusually broad, covering shipping, oil & gas, infrastructure, real estate, hospitality and environmental services.