Update regarding conversion of its existing investment in optionally convertible debentures of its wholly owned subsidiary, M/s. Square Port Shipyard Private Limited into equity shares ....
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Hazoor Multi Projects has informed the exchange about a revised timeline for converting its existing investment in Optionally Convertible Debentures (OCDs) of its wholly owned subsidiary, Square Port Shipyard Private Limited, into equity shares. The company had earlier disclosed this conversion plan on 27th January 2026. The indicative completion period has now been pushed to March 2026. All other details of the earlier disclosure remain unchanged. No financial value or number of shares involved has been disclosed in this update.
This is a routine timeline update on an internal restructuring (debt-to-equity conversion within a wholly owned subsidiary), so it is unlikely to have a material impact on the stock price. Shareholders should note that the equity infusion into the subsidiary is progressing but has been slightly delayed.