Description
BSE announces listing of 8,15,500 equity shares of Hazoor Multi Projects Limited issued on preferential basis pursuant to conversion of warrants, effective November 12, 2025.
Summary
BSE has announced the listing of 8,15,500 new equity shares of Hazoor Multi Projects Limited (Scrip Code: 532467) effective from Wednesday, November 12, 2025. These shares were issued at a premium of Rs. 29/- per share (face value Re. 1/-) to non-promoters on a preferential basis pursuant to the conversion of warrants. The allotment was completed on August 6, 2025, and the shares are subject to a lock-in period until May 18, 2026.
Key Points
- 8,15,500 equity shares of Re. 1/- each issued at Rs. 30/- per share (including premium of Rs. 29/-)
- Shares issued to non-promoters on preferential basis pursuant to warrant conversion
- Allotment date: August 6, 2025
- Trading commencement date: November 12, 2025
- Distribution numbers: 229173411 to 229988910
- ISIN: INE550F01049
- Shares rank pari-passu with existing equity shares
- Complete lock-in applicable on all allotted shares
Regulatory Changes
No regulatory changes introduced. This is a routine listing announcement following SEBI guidelines for preferential allotment and warrant conversion.
Compliance Requirements
- Trading members must note the new securities for trading purposes from November 12, 2025
- Lock-in restrictions must be enforced on all 8,15,500 shares until May 18, 2026
- Shares cannot be transferred or sold during the lock-in period as per SEBI regulations
- Allottees must comply with lock-in provisions applicable to preferential allotment
Important Dates
- Allotment Date: August 6, 2025
- Trading Commencement: November 12, 2025
- Lock-in End Date: May 18, 2026
- Notice Date: November 11, 2025
Impact Assessment
Market Impact: Low. The listing involves a relatively small number of shares (8,15,500) issued on preferential basis with complete lock-in restrictions until May 18, 2026. Since all shares are locked-in, there will be no immediate impact on tradable float or market liquidity.
Shareholder Impact: Affects only the non-promoter allottees who participated in the warrant conversion. The shares rank pari-passu with existing shares but cannot be traded during the lock-in period.
Company Impact: Increases the total share capital of Hazoor Multi Projects Limited. The preferential issue at Rs. 30/- per share (significant premium over face value) indicates capital raising for company operations.
Impact Justification
Routine preferential allotment listing for a single company with limited market impact; affects only specific non-promoter allottees with lock-in provisions