Intimation of Alteration in Memorandum of Association (MOA) of the Company.
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Hazoor Multi Projects Ltd informed the BSE that shareholders at an Extra Ordinary General Meeting held on July 16, 2025 approved alterations to the Object Clause of its Memorandum of Association. Seven new main-object clauses (numbers 8 to 14) were inserted via a Special Resolution. These new clauses expand the company's permitted business activities into shipping and marine vessels, oil and gas industry services, real estate and infrastructure development, construction of roads, airports, ports and metro systems, build-operate-transfer (BOT) infrastructure projects, and hotel and hospitality management. The expansion allows the company to operate in India and abroad, either directly or through subsidiaries, SPVs, or joint ventures. No financial commitments, capital expenditure plans, or execution timelines were disclosed in this filing.
This is a broad business diversification move that gives the company much wider operational flexibility across infrastructure, energy, shipping, and hospitality sectors. For shareholders, it signals management's intent to expand into new verticals, but actual value creation will depend on future funding, partnerships, and execution plans which have not been disclosed.