Hazoor Multi Projects revises Gaddurur NHAI contract to ₹28.10 crore as fee-collection wins stack up after weak Q1
On 12 October 2026, Hazoor Multi Projects Limited (BSE: 532467, NSE: HAZOOR) filed a revised disclosure for a user fee collection contract from the National Highways Authority of India. The contract, at Gaddurur (Nangli) Fee Plaza on NH‑75 in Karnataka, is valued at ₹28,10,20,800 (₹28.10 crore) and is to be executed within one year, correcting an earlier submission dated 10 October 2026 (BSE filing, 12 Oct 2026).
On 12 October 2026, Hazoor Multi Projects Limited (BSE: 532467, NSE: HAZOOR) filed a revised disclosure for a user fee collection contract from the National Highways Authority of India. The contract, at Gaddurur (Nangli) Fee Plaza on NH‑75 in Karnataka, is valued at ₹28,10,20,800 (₹28.10 crore) and is to be executed within one year, correcting an earlier submission dated 10 October 2026 (BSE filing, 12 Oct 2026).
The revision brings into focus a sequence of NHAI award announcements the company has made since early August 2026, even as its consolidated Q1FY27 profit shrank to near zero under the weight of sharply higher depreciation.
NHAI fee-collection contracts pile up since August
On 11 August 2026, the company informed exchanges of a ₹24.33 crore NHAI contract for user fee collection and toilet‑block upkeep at the Ramnagar fee plaza on NH-27 in Madhya Pradesh, with a one-year execution period (BSE filing, 11 Aug 2026).
On 14 August 2026, it disclosed a ₹28.47 crore contract for Thirupapachethi fee plaza on NH-49 in Tamil Nadu (BSE filing, 14 Aug 2026). A day later, on 15 August 2026, another ₹28.47 crore contract for Madangundi fee plaza on NH-31 in Jharkhand was filed with BSE (BSE filing, 15 Aug 2026).
The largest disclosed fee-collection award so far arrived on 26 August 2026: Paranur fee plaza on NH-45 in Tamil Nadu, at ₹193.85 crore (BSE filing, 26 Aug 2026).
On 8 September 2026, a ₹41.98 crore contract for H. Pudhupatti fee plaza on NH-179A in Tamil Nadu was disclosed (BSE filing, 8 Sep 2026).
On 10 October 2026, the company disclosed a composite award totalling ₹77.60 crore for three Karnataka plazas: Kannoli and Harval (₹49.49 crore) and Gaddurur (₹28.10 crore), all with one-year execution periods. The Gaddurur value was subsequently corrected on 12 October to ₹28.10 crore, citing errors in the earlier submission (BSE filings, 10 Oct 2026 and 12 Oct 2026).
A construction order enters the mix in September
Outside the NHAI universe, on 18 September 2026, Hazoor Multi Projects disclosed a ₹207.44 crore work order from Emerald Haven Life Spaces 3 Private Limited for RCC Core & Shell works at the PTR Phase 2 residential project in Pallavaram, Chennai (BSE filing, 18 Sep 2026).
Financials: profitability squeezed by depreciation
The consolidated results for Q1FY27, filed on 13 August 2026, showed revenue of ₹11,966.38 lakh and a net profit of just ₹29.98 lakh. Depreciation stood at ₹9,087.54 lakh, heavily compressing the bottom line (BSE filing, 13 Aug 2026).
The standalone Q4FY26 result, filed on 26 May 2026, reported revenue of ₹14,351.55 lakh and net profit of ₹1,044.24 lakh. The platform’s extraction of the filing highlighted a gross margin of 65.7% (up from 16.6% a year ago), elevated other income, and flagged large depreciation and equity dilution as weakening profit quality (BSE filing, 26 May 2026).
What the filings point to
Every NHAI contract in this sequence carries a one-year execution period. Hazoor Multi Projects has not provided aggregated order-book figures or forward guidance in any of these filings.
The board approved the re-appointment of Ms. Madhuri Purshottam Bohra as Independent Director and Mr. Pawankumar Nathmal Mallawat as Executive Director for fresh five-year terms beginning in 2027, subject to shareholder approval (BSE filing, 31 Aug 2026). Separately, on 22 July 2026, the company sold a 3.67% stake in its wholly owned shipyard subsidiary, Square Port Shipyard Private Limited, to Master Financial Services Ltd for ₹1.16 crore, reducing its holding to 96.33% (BSE filing, 22 Jul 2026).
Alpha Inflection is research infrastructure, not investment advice. We are not SEBI-registered investment advisers. Everything above is compiled from public corporate filings, with sources cited. Do your own research.
The filing evidence
| Date | What the filing said | Detail | Source |
|---|---|---|---|
| 11 Aug 2026 | Hazoor Multi Projects awarded Rs. 24.33 crore NHAI user fee collection contract for Ramnagar fee plaza in Madhya Pradesh, execution period one year. | Hazoor Multi Projects received a Letter of Award from NHAI for collection of user fee and upkeep of toilet blocks at the Ramnagar fee plaza on NH27 in Madhya Pradesh, with a contract value of Rs. 24.33 crore and execution period of one year. | filing |
| 14 Aug 2026 | Hazoor Multi Projects wins Rs. 28.47 crore NHAI user fee collection contract for Thirupapachethi fee plaza in Tamil Nadu. | Hazoor Multi Projects has received a Letter of Award from NHAI for collection of user fee at Thirupapachethi fee plaza on NH-49 in Tamil Nadu, along with upkeep of toilet blocks, for a one-year period. | filing |
| 15 Aug 2026 | Hazoor Multi Projects wins Rs. 28.47 crore NHAI user fee collection contract for Madangundi Fee Plaza in Jharkhand. | Hazoor Multi Projects received a Letter of Award from NHAI for a one-year contract to collect user fees and maintain toilet blocks at Madangundi Fee Plaza on NH-31 in Jharkhand, valued at Rs. 28.47 crore. | filing |
| 26 Aug 2026 | Hazoor Multi Projects receives Rs. 193.85 crore NHAI user fee collection contract for Paranur Fee Plaza in Tamil Nadu | Hazoor Multi Projects has been awarded a Letter of Award by NHAI for user fee collection and upkeep of toilet blocks at Paranur Fee Plaza on NH-45 in Tamil Nadu, valued at Rs. 193.85 crore, with an execution period of one year. | filing |
| 8 Sept 2026 | Hazoor Multi Projects wins Rs. 41.98 crore NHAI user fee collection contract for H. Pudhupatti fee plaza in Tamil Nadu | Hazoor Multi Projects received a Letter of Award from NHAI for a one-year contract to collect user fees and maintain toilet blocks at H. Pudhupatti fee plaza on NH-179A in Tamil Nadu, valued at Rs. 41.98 crore. | filing |
| 18 Sept 2026 | Hazoor Multi Projects wins Rs. 207.44 crore work order for RCC Core & Shell works at a residential project in Chennai from Emerald Haven Life Spaces 3 Private Limited. | Hazoor Multi Projects received a work order from Emerald Haven Life Spaces 3 Private Limited for RCC Core & Shell works at the PTR Phase 2 residential project in Pallavaram, Chennai, valued at Rs. 207.44 crore. | filing |
| 10 Oct 2026 | Hazoor Multi Projects wins Rs 77.60 crore NHAI user fee collection contracts for three fee plazas in Karnataka with one-year execution period. | Hazoor Multi Projects Limited received a Letter of Award from the National Highways Authority of India (NHAI) for user fee collection at Kannoli and Harval fee plazas (Rs 49.49 crore) and Gaddurur fee plaza (Rs 28.10 crore) in Karnataka, totalling Rs 77.60 crore. The contracts are to be executed over one year. | filing |
| 12 Oct 2026 | Hazoor Multi Projects receives Rs 28.10 crore NHAI user fee collection contract for Gaddurur Fee Plaza in Karnataka, to be executed over one year. | Hazoor Multi Projects received a Letter of Award from NHAI for collection of user fee at Gaddurur (Nangli) Fee Plaza on NH-75 in Karnataka, along with upkeep of adjacent toilet blocks, valued at Rs 28,10,20,800, with an execution period of one year. This is a revised disclosure correcting errors in a previous submission dated 10 October 2026. | filing |
| 26 May 2026 | Standalone Q4FY26 revenue declined 36.9% YoY to ₹14,351.55 lakh, but PAT rose 67.6% to ₹1,044.24 lakh driven by a sharp gross margin expansion (65.7% vs 16.6% YoY) and elevated other income; profit quality is weak due to massive depreciation and equity dilution. | filing | |
| 22 Jul 2026 | Hazoor Multi Projects approves sale of 3.67% stake in wholly owned subsidiary Square Port Shipyard Private Limited to Master Financial Services Ltd for Rs 1.16 crore, reducing holding to 96.33%. | The Board of Directors approved the sale/transfer/disposal of 5,500 equity shares (3.67% of equity) of Square Port Shipyard Private Limited, a wholly owned subsidiary, to Master Financial Services Ltd for a total consideration of Rs 1,16,54,500 (Rs 2,119 per share), based on a valuation report dated June 30, 2026. Post-transaction, the subsidiary remains a subsidiary but ceases to be wholly owned (96.33% held). The transaction is expected to be completed on July 27, 2026. | filing |
| 13 Aug 2026 | Consolidated Q1FY27 revenue fell to ₹11,966.38 lakh, down 33.5% YoY, while PAT collapsed to ₹29.98 lakh, down 97.8%, as depreciation surged to ₹9,087.54 lakh and subsidiary-level costs overwhelmed the standalone profit. | filing | |
| 31 Aug 2026 | Hazoor Multi Projects re-appoints Ms. Madhuri Purshottam Bohra as Independent Director and Mr. Pawankumar Nathmal Mallawat as Executive Director for further five-year terms. | The Board of Directors approved the re-appointment of Ms. Madhuri Purshottam Bohra as an Independent Director for a second term from July 19, 2027 to July 18, 2032, and Mr. Pawankumar Nathmal Mallawat as an Executive Director from February 10, 2027 to February 9, 2032, both subject to shareholder approval. | filing |
Quick answers
- What did Haz.Multi Proj. disclose?
- On 12 October 2026, Hazoor Multi Projects Limited (BSE: 532467, NSE: HAZOOR) filed a revised disclosure for a user fee collection contract from the National Highways Authority of India.
- What are the key numbers?
- On 11 August 2026, the company informed exchanges of a ₹24.33 crore NHAI contract for user fee collection and toilet‑block upkeep at the Ramnagar fee plaza on NH-27 in Madhya Pradesh, with a one-year execution period (BSE filing, 11 Aug 2026).
- What does Haz.Multi Proj. say comes next?
- Every NHAI contract in this sequence carries a one-year execution period. Hazoor Multi Projects has not provided aggregated order-book figures or forward guidance in any of these filings.
Research and educational content only. Not investment advice. Drafted from regulatory filings and published automatically — see our editorial policy.