After 1:10 Stock Split, Realty Stock Issues 12.8 Lakh New Shares; What Investors Must Know?

Hazoor Multi Projects Ltd (HMPL) announced a key fund-raising development as its committee approved the allotment of 12,80,000 equity shares of face value Re 1 each at an issue price of Rs 30 per share, following the conversion of 1,28,000 warrants originally issued at Rs 300 per warrant to non-promoter investors-Seabird Leasing & Finvest Pvt Ltd, Sarita Agarwal, and Nirmal Gupta-after receipt of the remaining 75% payment totalling Rs 2.88 crore.

Each warrant now converts into 10 equity shares, reflecting the company's strategic move to improve liquidity and affordability for investors. This conversion was made possible by the company's earlier stock split, which divided each Rs 10 share into 10 shares of Re 1, greatly increasing the share count and modifying warrant conversion ratios.

With this allotment, the company's paid-up capital increases to Rs 23.69 crore, or 23,69,39,910 equity shares; the newly issued shares are on par with existing equity. Additionally, 76,01,850 warrants are still outstanding and have the potential to convert into equity if they are exercised within the allotted 18-month period.

With effect from December 10, 2025, Hazoor Multi Projects Ltd. notified the stock exchanges that Mr. Mukund Shriniwasrao Bilolikar (DIN: 08617648) has resigned as the company's Independent Director, citing his resignation letter and professional obligations. The company's board structure has changed significantly as a result of his resignation, as he is no longer a member of key committees, including the Audit Committee, Nomination & Remuneration Committee, and Stakeholders Relationship Committee.

Based on end-of-day data, Trendlyne's technical analysis for Hazoor Multi Projects Ltd. (HAZOOR) indicates a mixed outlook. Although the stock's Money Flow Index (MFI) is at 79.4, suggesting that it is now overbought, its Relative Strength Index (RSI) is in the mid-range, indicating neutral momentum.

The price is below the 200-day Simple Moving Average (SMA200) of 40.5, indicating a longer-term downtrend, even if it is above its 50-day SMA50 of 35.6, which is usually a positive indication. The stock is down 36.68% from its 52-week high, and its beta indicates extremely high volatility.

Trendlyne currently classifies Hazoor Multi Projects Ltd., a real estate and infrastructure firm, as "Await Turnaround," implying subpar but mid-range financials and values. According to the most recent data available, the stock is trading at a high Price-to-Earnings (PE) ratio of 37, which is high for the industry, and a Price-to-Book (PB) ratio of 3.6. Its market capitalization is Rs 863.5 crore.

Although the institutional holding is high in the sector at 24.7%, the company's overall financial strength score is poor, and its Piotroski Score is low at 2.