Hazoor Multi Projects has announced the dissolution of its UK subsidiary, Hazoor Multi Projects UK, according to reports from Business Standard and Capital Market News. The company had earlier informed stock exchanges about the incorporation of this entity in the United Kingdom with a proposal to subscribe to its share capital. However, the proposed subscription amount was not remitted, and no shares were allotted or acquired by the company.
As reported by Capital Market News, Hazoor Multi Projects UK was incorporated on 8 April 2025 and has been struck off from the register maintained by Companies House, United Kingdom, with effect from 25 August 2026. The entity has been dissolved with effect from 1 September 2026. The UK entity did not commence any business operations since its incorporation and remained dormant and non-operational throughout its existence.
The UK entity did not commence any business operations since its incorporation and remained dormant and non-operational throughout its existence. As reported by Business Standard and Capital Market News, the dissolution of this entity does not have any material impact on the business operations, financial position, or profitability of Hazoor Multi Projects, as no investment had been made by the company therein.
Since no shares were allotted or acquired by Hazoor Multi Projects, the UK entity did not become a wholly owned subsidiary of the company. According to the company's disclosure, this development represents the complete termination of the UK subsidiary operations without any financial obligations or operational continuity for the parent company. The entity consequently did not become a wholly owned subsidiary of the Company.
