Hazoor Multi Projects approved the preferential allotment of 12,50,000 equity shares of ₹1 each at an issue price of ₹30 per share (including a premium of ₹29). This followed the conversion of 1,25,000 warrants after the 10:1 stock split. HMPL has also submitted a binding offer to acquire a part of Gammon Engineers and Contractors' EPC business.