Hazoor Multi Projects Limited has approved a one-year extension for ₹25 crore optionally convertible debentures. The move reflects ongoing financial structuring within its subsidiary investment.
Author: Aditya Pareek | EQMint
Mumbai, March 24, 2026: Hazoor Multi Projects Limited (HMPL) has approved the extension of its ₹25 crore optionally convertible debentures (OCDs) for an additional one year, signaling a key financial restructuring move. The update was disclosed under SEBI’s Listing Regulations.
Key Highlights
- ₹25 crore OCD tenure extended
- New maturity: April 9, 2027
- Investment linked to wholly owned subsidiary
- Security structure modified with property backing
Hazoor Multi Projects OCD Update: Key Details
The Hazoor Multi Projects OCD extension relates to debentures issued to its wholly owned subsidiary, Square Port Shipyard Private Limited.
As per the filing :
- OCD tenure extended from April 9, 2026 to April 9, 2027
- Interest rate: 0.01%
- Total value: ₹25 crore
Why This Move Matters
The extension of ₹25 crore debenture tenure suggests that the company is continuing its investment strategy in its subsidiary rather than converting or exiting at this stage.
This may indicate:
- Long-term project continuation
- Ongoing capital support
- Strategic flexibility in financial planning
Security Modification Details
The company has also approved changes to the existing security arrangement.
Key Update:
- Property located at Navase, Taluka Dapoli, Ratnagiri (Maharashtra)
- Charge to be created and registered
This strengthens the security backing of the debentures.
Regulatory Compliance
The disclosure was made under Regulation 30 of SEBI’s Listing Obligations and Disclosure Requirements (LODR), ensuring transparency for investors and stakeholders.
Strategic Perspective
The HMPL OCD update reflects continued involvement in its subsidiary’s financial structure, especially in capital-intensive projects like shipyard development.
Such extensions are often used to:
- Provide additional time for project execution
- Optimize capital deployment
- Align financial timelines with operational progress
Conclusion
The latest move by Hazoor Multi Projects to extend its ₹25 crore OCD tenure highlights a calculated financial decision aimed at supporting its subsidiary operations. Investors will watch closely for further developments, including potential conversion or restructuring in the future.
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Disclaimer: This article is not an investment advice and is for educational purpose only
