HMPL Shares in Focus: Stake Changes and NHAI Toll Contract Updates
Mumbai: Shares of Hazoor Multi Projects Ltd (HMPL) have caught the attention of investors following significant corporate updates shared in recent exchange filings. On Tuesday, after market hours, the company informed investors about developments related to its stake in Vyom Hydrocarbon Private Limited (VHPL).
HMPL had initially acquired a 51 per cent stake in VHPL and appointed its directors to the board of VHPL. Subsequently, VHPL acquired a 100 per cent stake in Quippo Oil and Gas Infrastructure Limited, making Quippo a step-down subsidiary of HMPL. However, convertible debentures (CCDs) worth around Rs 22.30 crore issued by VHPL in July 2025 were later converted into equity. This conversion led to HMPL’s shareholding falling below the majority threshold.
As a result, in accordance with accounting rules, HMPL lost control over VHPL. Consequently, both VHPL and its subsidiary Quippo are no longer considered subsidiaries of HMPL.
Stock price movement has been affected by these developments. Listed on the BSE Ltd, HMPL’s stock opened in the red at Rs 35.29, against the previous close of Rs 35.31. Amid a broader market sell-off, the stock dipped further, touching a low of Rs 34.57. As of the latest trading, the stock was at Rs 35.16, down 0.42 per cent or Rs 0.15.
In another significant update, HMPL announced that it received a Letter of Award (LOA) from the National Highways Authority of India (NHAI). Under this agreement, HMPL will be responsible for collecting toll fees from vehicles on the four-lane stretch between Challakere and Hiriyur (km 359.120 to 411.560; design km 358.500 to 414.205) at the Balenahalli toll plaza (design km 397.400) on NH-150A in Karnataka. The company will also handle maintenance and provide necessary supplies for the toilets located near the toll plaza.
The contract was awarded by NHAI through an e-tender under a competitive bidding process. The total cost of the project is Rs 44,23,80,000, approximately Rs 44.24 crore. This project is expected to boost HMPL’s revenue and enhance its presence in the infrastructure sector.
HMPL is a leading infrastructure company known for its diverse portfolio in construction, toll road management, and other related services. The company’s recent updates highlight its strategic moves to diversify and strengthen its business operations. Investors and analysts are closely watching these developments to gauge their impact on the company’s financial performance and stock price.
(This article is for informational purposes only and should not be construed as investment, financial, or other advice.)
