Realty Stock Amends MOA To Enter Renewable Energy, Infra, Oil & Gas Sectors; Rewrites Business Blueprint

Shares of Hazoor Multi Projects Limited (HMPL), a real estate and infrastructure development company in India, rose 0.5% to Rs 45.89 on the NSE today. The stock is close to its 52-week high of Rs 63.90 and has performed exceedingly well over the long run, rising from a 52-week low of Rs 32.

In an important company move, the firm has received shareholder approval to amend its MOA at the company's EGM on July 16, 2025. Pursuant to the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the amendment is intended to widen the scope of the business of HMPL beyond mainstream infrastructure and real estate.

The updated MOA will enable the firm to diversify into fast-growth areas of renewable energy, oil and gas services, and hospitality. This strategy is consistent with HMPL's overall objective to establish itself as a multi-faceted business entity with a strong focus on sustainable, urban development and integrated infrastructure solutions.

Augmenting the capital structure, HMPL recently issued and allotted 42,12,000 equity shares of Re. 1 each at an issue price of Rs 30 (including Rs 29 premium) after conversion of 4,21,200 warrants. The aforesaid warrants had been allotted to non-promoter investors on preferential basis at Rs 300/- each and post sub-division of equity shares from Rs 10/- to Re. 1. The company mopped up Rs 9.47 crore from allottees for the balance 75% of the issue price, taking its issued and paid-up share capital to Rs 229.17 crore, consisting of 22.91 crore equity shares.

The company currently has a market cap of more than Rs 965 crore. Meanwhile, Domestic Institutional Investors (DIIs) too reposed faith in HMPL during FY25 and bought 8,08,983 shares - 0.39% stake in the firm. The shares are currently trading on a P/E of 10x, a discount to the sector average of 21x.

Over the years, Hazoor Multi Projects has generated outstanding returns for shareholders - 225% in two years, 1,285% in three years and an astonishing 34,400% over five years (from Rs 0.13 to Rs 44.90).

Well known for critical infrastructural projects such as roads and bridges - quality and completion on time is of the essence and Hazoor Multi Projects Pvt. Famous for providing critical path infrastructure projects like roads and bridges with an emphasis on quality and timely execution, Hazoor Multi Projects remains a key player in building the economic spine of India and providing better connectivity to Indians.