Realty Stock Secures Rs 138.7 Cr Toll Plaza Deal From NHAI; Complete Details Inside

With the National Highways Authority of India (NHAI) awarding Hazoor Multi Projects Limited a Letter of Award (LOA) for Rs 138.7 crore to operate the user fee collection system at the Rampura Toll Plaza on NH-548B, which runs from Vijayapur to Sankeshwar in Karnataka, the company has achieved a significant milestone.

In order to provide a thorough management responsibility, the contract, which was obtained through competitive e-tendering, also covers the maintenance and repair of nearby restroom blocks. The one-year project significantly expands Hazoor's operational portfolio by bolstering its position in the infrastructure and toll management sectors. In accordance with SEBI Regulation 30, the company has duly notified the exchanges about this order.

Hazoor Multi Projects Limited has reported that its fund-raising committee approved the issuance of 10,00,000 equity shares at an issue price of Rs 30 per share during a meeting on November 17, 2025, after the conversion of 1,00,000 warrants that had previously been awarded at Rs 300 apiece. The conversion was completed once the corporation received the remaining 75% payment (Rs 225 per warrant) from the allottee, Kumar Agrawal, who now holds 30,00,000 equity shares after the allotment, totalling Rs 2.25 crore.

This conversion allows each warrant to convert into ten equity shares after the company's stock split from a face value of Rs 10 to Re. 1. On November 7, 2024, Hazoor Multi Projects finished a 10:1 stock split. This implies that an investor now has 10 shares, each with a face value of Rs 1, for every share they previously had. At the August 27, 2024, AGM, shareholders approved the split. The split increases the number of shares and lowers the price per share, potentially increasing liquidity, but it has no effect on the holding's total value.

In terms of finances, Hazoor Multi Projects reported a net profit of Rs 11.02 crore in the September 2024 quarter and a net loss of Rs 9.93 crore in the September 2025 quarter. Its revenue from operations dropped 33.30% to Rs 102.11 crore in Q2FY26 from Rs 153.08 crore in Q2FY25.

As of 19 November 25 at 12:25 PM, Hazoor Multi Projects' shares were trading at Rs 27.45, while the company's market capitalization was about Rs 627 Cr on the BSE. Over the course of the 52-week period, the stock has had a significant correction. It has today fallen to a 52-week low of Rs 26.80 on November 19, 2025, after reaching a 52-week high of Rs 59.90 on November 22, 2024. This is a sharp loss of over 55% from its peak. This steep decline is indicative of persistent selling pressure and a lengthy negative phase for the counter.