Multibagger Stock Hazoor Multi Projects In Focus After Acquisition Update

Hazoor Multi Projects, a known multibagger stock, has updated its investment timeline in Square Port Shipyard Private Limited. In an exchange filing dated February 28, the company confirmed that the conversion of OCDs issued by its wholly owned subsidiary will now take place in March 2026.  

This move is part of Hazoor’s broader acquisition strategy, which includes binding offers to acquire a stake in Gammon Engineers and Contractors Private Limited, a subsidiary of Gammon India. Analysts believe the revised timeline signals long-term confidence in the company’s expansion plans.  

Despite the announcement, Hazoor’s stock ended Friday’s trading session marginally down by 0.12% at ₹31.99 apiece on the BSE. Market watchers expect renewed investor interest next week as the acquisition update positions Hazoor for potential growth in infrastructure and engineering sectors.  

Key Highlights  

• Hazoor Multi Projects revises OCD conversion timeline to March 2026  
• Subsidiary: Square Port Shipyard Private Limited  
• Binding offers submitted to acquire part of Gammon Engineers and Contractors  
• Stock closed flat at ₹31.99 on BSE Friday  
• Expected to draw investor focus on Monday, March 2, 2026  

Sources: Mint, MSN