Please find the attached notice of the 33rd Annual General Meeting of the Company Scheduled to be held on Monday, 29th September 2025 through Video Conferencing / Other Audio Visual Means
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Hazoor Multi Projects Limited has called its 33rd AGM on Monday, September 29, 2025 at 1:00 PM, to be held via Video Conferencing. Shareholders will vote on adopting the audited financial statements for FY ended March 31, 2025, and on declaring a final dividend of Re. 0.20 per equity share (20% on face value of Re. 1). A Special Resolution seeks to raise the Board's borrowing limit from the current Rs. 800 Crores to Rs. 5,000 Crores under Section 180(1)(c), citing future expansion plans and larger infrastructure projects. Two new director appointments are up for regularization: Mr. Mukund Shriniwasrao Bilolikar as Independent Director (5 years) and Mrs. Shruti Jigar Shah as Executive Director (5 years, remuneration up to Rs. 1,00,000/month). The AGM also covers ratification of Cost Auditor remuneration (Rs. 55,000 p.a.), appointment of Mr. Ranjit Binod Kejriwal as Secretarial Auditor for 5 years (FY 2025-26 to 2029-30), and reappointment of Executive Director Mr. Pawankumar Nathmal Mallawat who retires by rotation.
Shareholders get a small dividend (Re. 0.20/share) and can vote on a major 6.25x expansion of borrowing capacity to Rs. 5,000 Crores, which signals aggressive growth or project funding plans. Board composition is changing with two new directors and a long-term Secretarial Auditor, indicating governance restructuring alongside the expansion push.