Hazoor Multi Projects Share Price Update: Key Highlights

Company Overview

On March 2, 2026, Hazoor Multi Projects will remain in focus as the company announced a change in the timeline for its existing investment in Optionally Convertible Debentures (OCDs) of its wholly owned subsidiary, Square Port Shipyard.

OCD Conversion Details

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In an exchange filing on February 28, 2026, Hazoor Multi Projects revised the timeline for the conversion of OCDs issued by Square Port Shipyard Private Limited to March 2026. The company had announced the conversion on January 27, 2026, and subsequently submitted a revised intimation to the exchange on February 28, 2026.

Conversion Impact

The conversion resulted in the allotment of 2,50,00,000 equity shares of Square Port Shipyard Private Limited to Hazoor Multi Projects. This conversion did not involve any cash outflow and was executed through the settlement of the existing debenture liability. Following the conversion, the company continues to hold 100% equity ownership in Square Port Shipyard Private Limited, with no change in the subsidiary’s ownership structure, control, or management.

Acquisition Cost

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The acquisition cost for the conversion of 2,50,00,000 equity shares is ₹10 per share, amounting to a total of ₹25,00,00,000.

Ratings Update

On March 1, 2026, CRISIL Ratings assigned ratings to the bank facilities of M/s Hazoor Infra Projects Limited, a material subsidiary, for its Hybrid Annuity Model (HAM) project. CRISIL has awarded a 'CRISIL BBB+/Stable' rating to the company’s long-term bank facilities amounting to ₹476 crore, signifying an adequate level of safety with a stable outlook. It has also assigned a 'CRISIL A2' rating to the short-term bank facilities, indicating a strong degree of safety in meeting timely financial obligations.

Share Price Trend

The multibagger stock has remained volatile in the near term. The stock has descended 8.26% in the past five sessions; however, has gained over 6% in a month. Zooming out further, the stock has fallen 24% in six months and 13.49% in a year. In terms of year-to-date (YTD), Hazoor Multi Projects share price has shed 12.45% since the beginning of 2026. However, the stock quadrupled investors money by delivering multibagger returns of 9,300% in the last five years.