With reference to Our Disclosure dated 15th August 2025, we hereby submitting revised disclosure with respect to submission of Binding offer for potential acquisition of part EPC business ....
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Hazoor Multi Projects Limited (HMPL) has submitted a binding offer to the lenders of Gammon Engineers and Contractors Private Limited (GECPL) to acquire part of its Engineering, Procurement, and Construction (EPC) business. GECPL has a track record in civil engineering and infrastructure, with operations spanning roads, railways, metros, power, irrigation, ports, and marine sectors. GECPL is currently under restructuring under the RBI's Prudential Framework for Resolution of Stressed Assets, and the acquisition is subject to lender acceptance, regulatory approvals, and completion of formalities. This is a revised disclosure correcting an inadvertent error in the company's August 15, 2025 filing. HMPL views the move as a strategic step to expand its EPC portfolio and strengthen its presence in India's infrastructure sector.
If the deal closes, this acquisition could meaningfully scale up HMPL's EPC capabilities and infrastructure footprint, potentially boosting future revenues. However, the transaction is still at the offer stage with no confirmed closure, so investors should watch for further updates on lender approval and deal terms.