Realty Stock Declares First Dividend After Stock Split, Announces Final Dividend For FY25 At A 20% Payout

In the infrastructure and real estate development sector, some lesser-known names are emerging, including a small-cap company called Hazoor Multi Projects Ltd.

"We wish to inform you that the Board of Directors at their meeting held on 30th May, 2025 at 04.00 PM at the registered office of the company at C-45, Floor 4TH, Plot -210, C Wing, Mittal Tower, Barrister Rajani Patel Marg, Nariman Point Mumbai-400021 has recommended a final dividend of Re.0.20/- per equity share having face value of Re. 1/- i.e. (20%) to the shareholders for the financial year 2024-25. The final dividend recommended by Board of Directors of the company is subject to the approval of the shareholders at the ensuing Annual General Meeting (AGM) of the company and final dividend, if approved by the shareholders, will be paid within prescribed timeline under the Companies Act, 2013," said HMPL in a stock exchange filing on Friday.

The dividend declaration comes after HMPL's stock split in a 10:1 ratio last year in November, wherein each share of Rs 10 face value got subdivided into ten shares of Re 1 each. The current declaration is a pivotal event for the company's shareholders because it illustrates HMPL's efforts towards reclaiming investor value and creating long-term sustainable value for the company after the restructuring.

Hazoor Multi Projects' shares closed Friday's trading session on BSE at Rs 44.21 apiece. Along with its latest dividend declaration, HMPL is also making strategic moves in other business areas. The company has recently entered the portfolio of renewable energy, which indicates further diversification. In addition, its subsidiary, Square Port Shipyard Pvt. Ltd., has obtained a shipbuilding contract with a shipping company from the UK. The official commencement of construction started with the steel cutting ceremony at Dabhol - Usgaon shipyard, which was formerly owned by Bharati Defence Infrastructure Ltd. The latter was acquired after its insolvency.

"The Company shall inform the Stock Exchange(s) in due course about the date of AGM for financial year ended March 31, 2025, record date / dates of book closure for purpose of entitlement of final dividend and date from which the final dividend will be paid, once approved by shareholders," Hazoor Multi Projects further informed stock exchanges.

An Indian business called Hazoor Multi Projects Limited (HMPL) is involved in real estate and infrastructure. They work on EPC contracts, create infrastructure, and develop real estate, which includes building highways, multistory residential complexes, and bungalows. For road projects overseen by the government, HMPL also serves as a subcontractor.