10:1 Stock Split Soon After 4:10; Record Date - November 7; Real Estate Stock Below Rs 500, To Be Cheaper

Hazoor Multi Projects, a real estate company trading with penny stock status, is going to split into the ratio of 10:1 for the first time since 2021. This also comes after the stock had last carried a reversal split of 4:10 ratio. Hazoor Multi Projects is below Rs 500 level on BSE.

The company has Thursday, November 07, 2024 as the Record Date for Determining the eligibility of Shareholders with regard to the Company for sub-division/split of 1 (one) Equity Shares of the Company having a face value of Rs. 10/- each into 10 (Ten) Equity shares having face value of Re. 1/- (Rupee One) each as approved by the shareholder's in the 32nd Annual General Meeting held on August 27, 2024.

The stock split ratio is of 10:1.

With the fast-growing development of Infrastructure in India, Hazoor Multiprojects Ltd, (HMPL) took a diversionary step in developing a Business Vertical of to develop a Quality conscious and Reliable EPC Contracting company catering to this growing demand in nation building.

In a short span of the last few years, HMPL has successfully taken some leading projects of MSRDC both on EPC and HAM Models of execution.