Archive · 6 Jun 2025
HMPL Approves Share Allotment, Secures Rs 23 Crore Project
Imagine a company, Hazoor Multi Projects Ltd (HMPL), which is like a builder.
They've decided to give out more shares of their company.
They did this by allowing people with warrants (like special coupons) to turn them into real shares.
This is a way for the company to get more money.
After this, the company's total shares increased.
The company also got a new project worth Rs 23 crore from the National Highways Authority of India (NHAI).
The company's share price went up a little bit because of a positive reaction in the stock market.
This company has also had good returns over the past few years, but it has also fallen slightly this year.
Hazoor Multi Projects Ltd (HMPL) approved the allotment of equity shares after warrant conversion.
The allotment involves 3.27 lakh equity shares at Rs 30 each.
Issued and paid-up capital increased to Rs 22,44,33,910.
HMPL secured a Rs 23 crore project from the National Highways Authority of India (NHAI).
The company's share price increased by 4.26% after the announcement.
- Who
- Hazoor Multi Projects Ltd (HMPL)
- What
- Approved allotment of equity shares upon warrant conversion and secured a project from NHAI.
- When
- Not explicitly stated
- Where
- Mumbai
- Why
- To raise funds and expand operations.
- Company Type
- Infrastructure and energy
- Equity Shares Allotted
- 3.27 lakh
- Issue Price
- Rs 30 each
- NHAI Project Value
- Rs 23 crore
- Share Price Increase
- 4.26%