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HMPL Shares Rise as Company Converts OCDs into Equity Shares of Subsidiary

Published: January 28, 2026 | Category: real estate news
HMPL Shares Rise as Company Converts OCDs into Equity Shares of Subsidiary

Mumbai: Shares of Hazoor Multi Projects Ltd (HMPL), an infra-to-energy player, gained on Wednesday, January 28, 2026. The uptick in the stock's performance is attributed to the company's conversion of its investment in its wholly-owned subsidiary, Square Port Shipyard Private Limited (SPSPL), from Optionally Convertible Debentures (OCDs) into equity shares.

The surge in HMPL's stock also coincided with a positive trend in the broader market. The equity benchmark indices, Sensex and Nifty, extended their previous day's rally, driven by optimism over the India-EU Free Trade Agreement (FTA). The 30-share BSE Sensex jumped 646.49 points to 82,503.97 during initial trade, while the 50-share NSE Nifty surged 196.7 points to 25,372.10.

In an exchange filing, HMPL announced the conversion of its existing investment in SPSPL from OCDs into equity shares. The conversion involves the allotment of 2.50 crore equity shares at a price of Rs 10 per share, totaling Rs 25 crore. This conversion is in line with the terms of the debentures and does not involve any cash consideration. Instead, it settles the existing debenture obligation.

Even after this conversion, SPSPL will continue to operate as a 100 per cent subsidiary of HMPL, with no changes to its ownership, control, or management. This strategic move is expected to strengthen HMPL's financial position and enhance its operational efficiency.

On the stock market, HMPL's shares opened in green at Rs 30.85 against the previous close of Rs 30.38 on the BSE. During the day, the stock touched an intraday high of Rs 31.40 and an intraday low of Rs 30.05. By the end of the session, the stock was trading at Rs 30.50, with the company's market cap standing at Rs 710.13 crore.

Earlier, HMPL had secured two significant work orders from the National Highways Authority of India (NHAI) worth approximately Rs 277 crore. These projects were secured through the e-tender process and are expected to contribute significantly to the company's revenue and growth prospects.

The recent developments highlight HMPL's strategic focus on strengthening its portfolio and enhancing its market presence. With a robust project pipeline and a strong financial foundation, the company is well-positioned to capitalize on the growing infrastructure and energy sectors in India.

(This article is for informational purposes only and should not be construed as investment, financial, or other advice.)

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Frequently Asked Questions

1. What is the significance of converting OCDs into equity shares?
Converting Optionally Convertible Debentures (OCDs) into equity shares helps to strengthen the company's balance sheet and enhance its financial flexibility. It also aligns the interests of the subsidiary with the parent company, ensuring better operational efficiency and strategic focus.
2. What impact did this conversion have on HMPL's stock price?
The conversion of OCDs into equity shares of SPSPL led to a positive impact on HMPL's stock price. The shares gained, opening at Rs 30.85 and trading at Rs 30.50 by the end of the session, with a market cap of Rs 710.13 crore.
3. What are the terms of the OCDs conversion?
The terms of the conversion involve the allotment of 2.50 crore equity shares at a price of Rs 10 per share, totaling Rs 25 crore. This conversion settles the existing debenture obligation and does not involve any cash consideration.
4. How will the conversion affect SPSPL's ownership structure?
After the conversion, SPSPL will continue to be a 100 per cent subsidiary of HMPL, with no changes to its ownership, control, or management. This ensures that the strategic alignment and operational efficiency remain intact.
5. What other recent developments have impacted HMPL's performance?
HMPL has secured two significant work orders from NHAI worth approximately Rs 277 crore through the e-tender process. These projects are expected to contribute to the company's revenue and growth, further strengthening its market position.